Pakistan Stock Exchange (PSX) has announced the commencement of the book building process for the Initial Public Offering (IPO) of Select Technologies Limited after receiving approvals from the Securities and Exchange Commission of Pakistan (SECP) and PSX for the issuance, circulation, and publication of the prospectus.
According to the notice issued by PSX on June 16, 2026, Select Technologies Limited plans to offer 88,888,889 ordinary shares through an IPO. Of the total issue size, 75 percent, equivalent to 66,666,667 shares, will be offered through the book building mechanism at a floor price of Rs. 28 per share, with a maximum price band of up to 50 percent, reaching Rs. 42 per share.
Eligible participants, as defined under the Public Offering Regulations, 2017, may participate in the book building process through one-time registration with PSX and submission of an expression of interest to the National Clearing Company of Pakistan Limited (NCCPL).
The registration period for eligible participants will remain open from June 17 to June 23, 2026, while expressions of interest can also be submitted during the same period. The bidding process is scheduled to take place on June 22 and June 23, 2026.
PSX has advised all interested investors and market participants to review the approved prospectus and comply with the procedures outlined by PSX and NCCPL for participation in the book building exercise.
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Disclaimer: This report is based on the official notice issued by Pakistan Stock Exchange (PSX) regarding the book building and IPO of Select Technologies Limited. Investors are advised to review the official prospectus and seek professional financial advice before making investment decisions.