Select Technologies IPO book-building opens today, company eyes up to Rs3.7bn

Select Technologies Limited, wholly owned subsidiary of Air Link Communication Limited, will open book-building for its initial public offering (IPO) today [June 22, 2026], as the consumer electronics manufacturer seeks to raise between Rs2.5 billion and Rs3.7 billion from the capital market, according to Arif Habib Limited. 

The company is offering 88.9 million shares at a price band of Rs28 to Rs42 per share.

Investor registration will remain open from June 17 to June 23, 2026, while book-building will take place from June 22 to June 23, 2026.

Public subscription will take place on July 2 and 3.

The offering has been structured as Shariah-compliant.

Select Technologies Limited is backed by local manufacturing operations and strategic partnerships with Xiaomi and Hisense.

The company said the IPO proceeds will primarily be used to establish a new manufacturing and assembly facility for air conditioners at the Sundar Green Special Economic Zone in Lahore.

Select Technologies manufactures and assembles smartphones, smart televisions, air conditioners and other consumer appliances in Pakistan for international brands including Xiaomi and Hisense.

Following the planned expansion, the company expects its annual production capacity to reach 7 million smartphones, 360,000 televisions and 400,000 air conditioners.

The new facility at Sundar Green Special Economic Zone is also expected to benefit from income tax exemptions available until FY2035, which the company said would support profitability and future growth.