KARACHI: Service Long March Tyres (Private) Limited (SLM), a prominent subsidiary of Service Indus-tries Limited (SIL), has officially announ-ced its intention to launch an Initial Public Offering (IPO) and list on the Pakistan Stock Exchange (PSX).
The announcement was addressed to the General Manager of the PSX and the Executive Director of the Securities & Exchange Commission of Pakistan (SECP), confirming the board’s strategic decision to go public.
SLM is a key player in Pakistan’s heavy-duty tyre segment and is recognized as the pioneer in manufacturing all-steel radial truck and bus (TBR) tyres in the country. The upcoming IPO is expected to provide the company with the capital required to expand operations, upgrade facilities, and strengthen its competitive position against both domestic and imported alternatives.
The move reflects a broader strategy by the Servis Group to unlock the value of its high-growth businesses while offering institutional and retail investors the opportunity to participate in its growth.
Analysts note that the listing of a company of SLM’s stature could significantly enhance the representation of Pakistan’s industrial and automotive sectors on the PSX, providing investors with more diversified options.
Copyright Business Recorder, 2025
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