Select Technologies has successfully priced its initial public offering at Rs34 per share, mobilizing Rs3.02 billion through the sale of 88.88 million shares on the Pakistan Stock Exchange (PSX).
The final price represents a significant 21.43% premium over the pre-opening bid price of Rs28, determined through a two-day Dutch auction process that concluded on Tuesday.
The sharp upward revision from the indicative bid level underscores strong investor demand for the technology sector's latest public debut.
By clearing well above the opening benchmark, the issue suggests that market participants are willing to pay a premium for exposure to the firm's growth profile, despite broader regional market volatility.
The successful mobilization of over Rs3 billion in capital highlights the continued functionality of the PSX as a funding venue for mid-cap technology enterprises.
This issuance adds to a recent wave of corporate actions in the region, following regulatory approvals for other high-profile listings such as LSE SPAC-II.