Service Long March Tyres IPO public portion subscribed 7.59 times

Service Long March Tyres Limited’s initial public offering (IPO) received applications for 739.17 million shares against an initial general public allocation of 97.43 million shares, subscribing the public portion 7.59 times and prompting an increase in its share of the offering from 25% to 30%.

According to a notice by Arif Habib Limited sent to the PSX on Monday, overall 33,190 applications were received during the public subscription held on June 3 and 4, 2026.

Investors applied for 739,171,500 ordinary shares with a total value of Rs14.746 billion, compared with the issue size of 97,434,510 shares initially reserved for the general public.

Following the oversubscription, the allocation between the book-building and general public portions was revised under sub-section 3 of Regulation 7 of Public Offering Regulations, 2017.

AHL said that the general public portion was increased from 25%, or 97.43 million shares, to 30%, equivalent to 116.92 million shares.

The book-building portion was consequently reduced from 75%, or 292.30 million shares, to 70%, representing 272.81 million shares.

Even after the increase, the number of shares applied for was about 6.32 times the revised public allocation.

The revised allocation will be used for the final allotment of applications submitted under the general public portion of the IPO.

Subscription data compiled by CDC Share Registrar Services Limited showed that the greatest demand came from investors seeking more than 2,000 shares. A total of 6,708 applications in this category sought 704.40 million shares worth Rs14.053 billion, accounting for most of the demand recorded during the subscription period.

The company received 10,178 applications for 2,000 shares each, covering 20.356 million shares valued at Rs406.102 million.

In the 1,000-share category, 7,037 applications were submitted for 7.037 million shares worth Rs140.388 million.

Another 6,522 investors applied for 500 shares each, taking total demand in the category to 3.261 million shares worth Rs. 65.057 million.

The 1,500-share category attracted 2,745 applications for 4.117 million shares with a combined value of Rs82.144 million.

According to the notice, applications for up to 2,000 shares will be allotted in full. Applications for more than 2,000 shares will receive shares on a pro-rata basis because demand in that category exceeded the available allocation.