Select Technologies IPO oversubscribed by 3.2 times

The book-building phase of Select Technologies Limited’s Initial Public Offering (IPO) was oversubscribed by 3.2 times, with the issue fully subscribed at Rs34 per share, above the floor price of Rs28 per share, according to official transaction details. The company offered 66.67 million ordinary shares through the book-building process, attracting strong investor participation and reflecting robust demand in Pakistan’s capital market. Select Technologies Limited is a wholly owned subsidiary of Air Link Communication Limited and operates in the manufacturing and assembly of smartphones, smart televisions, air conditioners, and other consumer appliances in Pakistan. The company is also planning to expand into higher-margin consumer electronics and home appliance segments as part of its growth strategy.