Service Long March Tyres (SLMT), a leading domestic manufacturer of automotive and industrial tyres, has announced its intention to launch an Initial Public Offering (IPO) to list its shares on the Pakistan Stock Exchange (PSX). The planned listing aims to raise capital for expanding production capacity, upgrading technology, and enhancing market presence in a growing tyre industry driven by rising vehicle demand and infrastructure development.
The IPO is expected to offer a significant portion of the company’s equity to public and institutional investors, providing an opportunity to participate in Pakistan’s expanding automotive and industrial sectors. SLMT, known for its range of radial, cross-ply, and off-road tyres for cars, motorcycles, trucks, and agricultural machinery, plans to utilize the proceeds to invest in advanced machinery, research and development, and export market expansion.
This move comes amid a resurgence in Pakistan’s automotive industry and increased government focus on local manufacturing under the Automotive Development Policy. Listing on the PSX will enhance SLMT’s corporate visibility, improve governance standards, and support its long-term growth strategy in a competitive market.
“The decision to pursue an IPO marks a strategic milestone for Service Long March Tyres as we aim to strengthen our manufacturing capabilities and capitalize on emerging opportunities in Pakistan and beyond. We look forward to welcoming public shareholders as partners in our growth journey,” stated the company’s leadership.
The IPO process will be managed by appointed book runners and financial advisors, with regulatory filings to be submitted to the Securities and Exchange Commission of Pakistan (SECP) and the PSX in the coming months.
