Karachi: The Initial Public Offering (IPO) of Service Long March Tyres Limited (SLM) has marked a significant milestone in Pakistan’s capital market, following its record-breaking achievement during the book-building process. This process, conducted on May 18 and 19, 2026, determined a strike price of PKR 19.95 per share for the company’s market entry.

The IPO saw an overwhelming response, with total participation amounting to approximately PKR 69.38 billion against an issue size of PKR 4.17 billion. This represents an oversubscription rate of 16.7 times. The offering was completed in an unprecedented 5 seconds, setting a new benchmark for the speed of subscription in the market.

According to information available from the Pakistan Stock Exchange (PSX), a total of 2,378 investors participated in the book-building process, with 2,375 investors successfully securing shares. The market category breakdown of successful investors included allocations to Commercial Banks, Development Financial Institutions, Mutual Funds, Insurance Companies, Investment Companies, Employees’ Provident/Pension Funds, TREC Holders, and other institutions/corporates, alongside High Net Worth Individuals, who received the largest share allocation of 124,297,285 shares.

The designated market category for this IPO underscores the robust participation from a diverse range of institutional investors, signifying a positive outlook and strong investor confidence in Service Long March Tyres Limited.