Karachi: Service Long March Tyres Limited, Pakistan’s first and largest truck and bus radial (TBR) tyre manufacturer and exporter, is set to begin the book building process for its Initial Public Offering (IPO) on May 18, 2026, which will continue till May 19, 2026.
The IPO is being offered at a price band of PKR 14.25 to PKR 19.95 per share, providing investors an opportunity to participate in one of Pakistan’s emerging manufacturing and export-led growth stories.
The company has positioned itself as a key player in Pakistan’s tyre industry, with a strong focus on truck and bus radial tyres, a segment considered critical for transportation, logistics, trade, and industrial movement.
Commenting on the IPO, Shahid Ali Habib, CEO of Arif Habib Limited, the Lead Manager of the Issue, said the offering represents an important opportunity for investors to gain exposure to Pakistan’s manufacturing and export sectors.
“Service Long March Tyres is a compelling IPO story backed by industrial scale, export potential, import substitution, and a strong growth outlook.
The IPO will likely to raise Rs7.8 billion at the upper circuit.The company will utilise this to support SLM’s entry into the passenger car tyre segment. This move is aiming at reducing reliance on imported tyres and strengthening domestic manufacturing capacity.
As part of its expansion, SLM intends to establish a dedicated PCR tyre production facility, with operations targeted to begin in January 2028. The plant will initially produce around 2 million tyres annually, with capacity projected to rise to 2.5 million units in FY2029 and 3 million units by FY2030.
The company is backed by modern Chinese technology, which has enabled it to achieve a competitive cost structure among local and international tyre manufacturers.
This advantage supports its export strategy, with the company targeting a significant portion of its production for international markets.
According to the management, Service Long March Tyres is being evaluated at around US$550 million for the IPO, while the company aims to achieve a valuation of US$1 billion within the next two years through capacity expansion, export growth, and deeper penetration in local and global markets.