Air Link Communication Limited (PSX: AIRLINK) announced that its wholly owned subsidiary, Select Technologies Limited, is planning to raise capital through an initial public offering and seek a listing on the Pakistan Stock Exchange (PSX). The decision marks a significant step in the company’s growth strategy.
The plan was approved by Air Link’s board of directors, which authorized Select Technologies to proceed with preparations for the IPO. The offering will be subject to compliance with all applicable regulatory requirements.
Lead Manager Appointed
As part of the IPO process, Arif Habib Limited has been appointed as the consultant on the issue and lead manager for the proposed offering. The firm will guide Select Technologies through the listing process, including regulatory submissions, pricing strategy, and investor outreach.
Strategic Rationale
The listing plan signals Air Link’s intent to unlock value in its subsidiary while raising fresh capital for growth. By bringing Select Technologies to the public market, Air Link aims to:
- Provide Select Technologies with direct access to capital markets
- Enable the subsidiary to fund its expansion independently
- Unlock shareholder value through market valuation
- Enhance corporate governance and transparency
- Create a platform for future growth initiatives
Company Background
Air Link Communication Limited is one of Pakistan’s major mobile device distributors and assemblers. The company has established a strong market presence through partnerships with leading global smartphone brands and a nationwide distribution network.
Select Technologies Limited, as a wholly owned subsidiary, operates within Air Link’s broader business ecosystem. The planned IPO would establish Select Technologies as an independently listed entity while maintaining Air Link’s strategic connection to its operations.
Next Steps
The company informed the exchange that the IPO and listing of Select Technologies will proceed after fulfilling all regulatory approvals and requirements. Further details regarding the size, pricing, and timeline of the offering were not disclosed in the initial announcement.
Air Link has committed to keeping shareholders and the market informed of material developments as the IPO process advances.
About Air Link Communication Limited
Air Link Communication Limited (PSX: AIRLINK) is a leading Pakistani company engaged in the distribution and assembly of mobile devices. The company partners with international smartphone brands to serve consumers across Pakistan through an extensive retail and distribution network.
About Arif Habib Limited
Arif Habib Limited is a premier financial services firm in Pakistan, offering investment banking, brokerage, and asset management services. The firm’s appointment as lead manager brings significant IPO expertise to the Select Technologies offering.
