The general public subscription for the Initial Public Offering (IPO) of Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, will open on July 2, 2026, and remain available until July 3, 2026, at 11:59 p.m., following the successful completion of the company’s book-building process.
The IPO comes after strong institutional demand, with the book-building phase fully subscribed at the strike price, highlighting investor confidence in the company’s growth prospects and Pakistan’s expanding electronics manufacturing sector.
Book-Building Phase Fully Subscribed
Select Technologies is offering 88.88 million ordinary shares, representing 10% of its post-IPO paid-up capital.
Out of the total offering:
- 66.66 million shares (75%) were allocated to the book-building phase.
- The institutional offering was fully subscribed at a strike price of Rs34 per share.
- The strong response came from high-net-worth individuals (HNWIs) and institutional investors, reflecting robust market interest.
Following the successful book-building exercise, the remaining 22.22 million shares (25%) will now be offered to retail investors.
General Public Subscription Opens on July 2
The public subscription will run for two days, from July 2 to July 3, 2026, with shares available at the strike price of Rs34 per share.
Retail investors will have the opportunity to participate in one of the latest listings on the Pakistan Stock Exchange (PSX), allowing them to invest alongside institutional investors who participated in the book-building process.
Select Technologies Focuses on Local Electronics Manufacturing
Select Technologies Limited is engaged in the manufacturing and assembly of smartphones, smart televisions, and air conditioners in Pakistan.
The company has established strategic partnerships with globally recognized technology brands, including Xiaomi and Hisense, positioning itself to capitalize on Pakistan’s growing demand for locally manufactured consumer electronics.
Its business model aligns with the government’s efforts to promote domestic manufacturing, reduce imports, and strengthen the country’s electronics industry.
Air Link CEO Highlights Growth Potential
Commenting on the successful completion of the book-building process, Muzaffar Hayat Paracha, Group CEO of Air Link Communication Limited, said the strong investor response reflects confidence in Select Technologies’ business model, manufacturing capabilities, and long-term growth prospects.
He noted that the company was established with the vision of strengthening Pakistan’s local electronics manufacturing industry while bringing globally recognized technology products to local consumers.
Arif Habib Limited Sees Positive Signal for Capital Markets
Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, described the successful book-building process as an encouraging sign for Pakistan’s capital market.
He said the strong participation demonstrates investor confidence in companies with sound fundamentals and reinforces the stock market’s role in helping businesses raise capital for expansion and future growth.
Investment Opportunity for Retail Investors
With the public subscription now opening, retail investors have an opportunity to invest in a company operating in one of Pakistan’s fastest-growing manufacturing segments.
Select Technologies combines local manufacturing capabilities with international brand partnerships and operates under a Shariah-compliant business structure, making it an attractive option for investors seeking exposure to Pakistan’s consumer electronics sector.