Select Technologies Limited, a wholly-owned subsidiary of Air Link Communication Limited (PSX: AIRLINK), is set to launch its Initial Public Offering (IPO) on the Pakistan Stock Exchange (PSX) through the book-building method. The company has received approval from both the Securities and Exchange Commission of Pakistan (SECP) and the PSX for the issuance and publication of its prospectus, marking a significant step toward its public listing.
The company is offering 88,888,889 ordinary shares to the public. Of these, 75% (66,666,667 shares) will be offered through the book-building process at a floor price of Rs28 per share, with a maximum price band of Rs42 per share. The remaining 25% of shares will be allocated to retail investors at the strike price determined through the book-building process.
| IPO Detail | Information |
|---|---|
| Company | Select Technologies Limited |
| Parent Company | Air Link Communication Limited (PSX: AIRLINK) |
| Total Shares Offered | 88,888,889 ordinary shares |
| Book-Building Portion | 66,666,667 shares (75%) |
| Floor Price | Rs28 per share |
| Maximum Price Band | Rs42 per share |
Book-Building Schedule
Eligible participants wishing to take part in the book-building process may register with the PSX through a one-time registration, with no re-registration required for those already enrolled. The schedule for the book-building and registration process is as follows:
| Activity | Start Date | End Date | Timings |
|---|---|---|---|
| Registration of Eligible Participants | June 17, 2026 | June 23, 2026 | 9:00 AM – 5:00 PM (3:00 PM on June 23) |
| Expression of Interest to NCCPL | June 17, 2026 | June 23, 2026 | 9:00 AM – 4:30 PM |
| Bidding Dates | June 22, 2026 | June 23, 2026 | 9:00 AM – 5:00 PM |
| Final Collection from Successful Bidders | June 24, 2026 | — | 9:00 AM – 12:00 Noon |
| Refund of Margin Money (Unsuccessful Bids) | June 24, 2026 | — | 9:00 AM – 12:00 Noon |
About Select Technologies Limited
Select Technologies Limited is a wholly-owned subsidiary of Air Link Communication Limited, one of Pakistan’s major mobile device distributors and assemblers. The IPO and listing of Select Technologies will establish it as an independently listed entity while maintaining Air Link’s strategic connection to its operations. The listing is expected to unlock value for Air Link shareholders while providing Select Technologies with direct access to capital markets for its growth initiatives.
About the IPO
The IPO is being managed by Arif Habib Limited, which has been appointed as the lead manager and consultant on the issue. The offering will be conducted through the book-building method, with 75% of shares allocated to institutional investors and high-net-worth individuals, and the remaining 25% offered to retail investors at the discovered strike price.
