Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, said on Thursday that the registration of eligible investors for the Initial Public Offering (IPO) of Select Technologies Limited commenced on 17th June.
As per a statement, the company said that the registration will continue until 3pm on June 23, 2026, ahead of the company’s book building process scheduled for June 22 and June 23, 2026.
According to the company’s prospectus, “the IPO comprises 88.889 million ordinary shares, representing 10% of the company’s post-IPO paid-up capital.
The floor price has been set at Rs28 per share, with a maximum price band of up to 50%, or Rs42 per share.
At the floor price, the issue size stands at Rs2.489 billion, while at the upper price band, the company may raise up to approximately Rs3.7 billion”.
Out of the total issue size, 75% will be offered through the book building process, while the remaining 25% will be offered to retail investors through the general public portion, as per the prospectus.
The proceeds will primarily be used to support SELECT’s business expansion and diversification plans, including investment in plant and machinery for air-conditioner assembly, smartphone plant upgrades, TV assembly line expansion and working capital requirements.
Chief Executive Officer of Arif Habib Limited, Shahid Ali Habib, said the offering represents another important addition to Pakistan’s capital market.
“Select Technologies provides investors exposure to Pakistan’s growing smart devices and consumer appliances manufacturing space, supported by strong sponsor backing, global brand partnerships and planned expansion into higher-margin product categories.
We believe this IPO reflects the increasing role of the capital market in supporting industrial growth, import substitution and technology localisation in Pakistan,” he said.
READ MORE: Select Technologies announces Rs2.5bn IPO to establish AC manufacturing facility in Pakistan
SELECT holds a 15.5% share in the smartphone assembling sector and 7.7% share of total mobile devices manufactured in FY2025.
The company is now expanding into smart TVs and air conditioners through its new production facility at Sundar Green Special Economic Zone, Lahore.
Post expansion, SELECT’s combined annual production capacity is expected to reach 7 million smartphones, 360,000 televisions and 400,000 air-conditioner units.
The IPO is being managed by Arif Habib Limited and Intermarket Securities Limited as joint consultants to the issue.
Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, is engaged in the manufacturing and assembly of smartphones, smart TVs, air conditioners and other consumer appliances in Pakistan for globally recognised brands including Xiaomi and Hisense.
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