Select Technologies Limited has successfully completed its initial public offering on the Pakistan Stock Exchange (PSX), raising Rs3.02 billion.
The consumer electronics manufacturer, a wholly owned subsidiary of Air Link Communications, priced the offering at Rs34 per share, selling 88.88 million shares to investors.
The strong investor response underscores renewed appetite for technology and consumer discretionary names in Pakistan's equity markets.
Both institutional and retail participants drove demand for the listing, allowing the company to fully mobilize the targeted capital.
The successful debut provides Select Technologies with fresh equity capital to support its operations and growth strategy in the competitive smartphone and appliances sector.
As a subsidiary of Air Link Communications, Select Technologies brings established brand recognition and distribution networks to the public market.