Pakistan’s capital market continues to show resilience, with fresh listings adding momentum despite global economic pressures.
According to Beyond Time News, the Securities and Exchange Commission of Pakistan has approved the prospectus for the Initial Public Offering (IPO) of Service Long March Tyres Limited. With this approval, the total number of IPOs in FY2025–26 has reached 12, highlighting growing activity at the Pakistan Stock Exchange.
Strong IPO Activity Despite Challenges
The steady flow of IPOs reflects increasing corporate confidence in Pakistan’s capital markets. This comes at a time when global conditions remain uncertain due to geopolitical tensions, rising oil prices, and higher logistics costs.
Market Performance and Investor Confidence
During this period, the KSE-100 Index recorded a decline of 14.54%. However, strong participation from domestic investors, continued primary market activity, and ongoing regulatory reforms helped sustain overall market confidence.
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IPO Details
Service Long March Tyres Limited, which manufactures and exports truck and bus radial tyres, is offering 389.7 million ordinary shares, representing 5% of its post-IPO paid-up capital.
The IPO will follow a book-building process:
- 75% of shares allocated to institutional investors and high-net-worth individuals
- 25% reserved for retail investors
Positive Outlook for Capital Markets
The rise in new listings signals that companies increasingly view the stock market as a reliable platform for raising funds. Regulators have advised investors to carefully review the prospectus before making investment decisions.
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