Select Technologies Limited has opened its initial public offering for public subscription, marking the final step before listing on the Pakistan Stock Exchange (PSX).
The company, a wholly owned subsidiary of Air Link Communication Limited, is now accepting bids from retail and institutional investors following the completion of its book-building phase.
The move follows the company's decision to price the offering at Rs34 per share.
The IPO mobilized Rs3.02 billion through the sale of 88.88 million shares, according to earlier filings.
The final price represents a discount to the upper end of the indicative price band, a strategy often employed to ensure full subscription and initial trading liquidity.
Select Technologies operates in the information technology sector, providing software development and digital transformation services.