Karachi: Select Technologies Limited's initial public offering (IPO) witnessed a robust response from investors, with the strike price set at PKR 34.00 per share following a successful Book Building process conducted on June 22 and 23, 2026. The IPO, which aimed to raise PKR 1,866 million, attracted substantial participation amounting to approximately PKR 6,030 million, resulting in an oversubscription rate of 3.2 times.

The Book Building phase saw participation from 436 investors, out of which 295 emerged successfully. According to information available from the Pakistan Stock Exchange (PSX), the enthusiastic reception of the IPO by various financial entities and individuals underscores the market's interest in Select Technologies Limited.

A detailed breakdown of the shares allocated to successful investor categories showcases a diverse pool of participants. High Net Worth Individuals secured the largest allocation with 30,522,345 shares, followed by Mutual Funds with 10,504,600 shares. Insurance Companies were allocated 6,666,666 shares, and TREC Holders received 7,353,065 shares. Other Institutional/Corporate investors were assigned 10,201,903 shares, while Commercial Banks and Employees Provident/Pension Funds were allocated 1,360,827 and 57,261 shares, respectively.

The IPO's overwhelming reception, as evidenced by the significant oversubscription, highlights the growing confidence of investors in the potential of Select Technologies Limited. The successful allocation of 66,666,667 shares across various categories of investors marks a promising start for the company's journey in the public market, particularly within the Technology sector.