Notices Closed 03 Jul 2026
Select Technologies Limited — Abridged Prospectus & IPO (Floor Price PKR 28, 88,888,889 Shares)
Select Technologies Limited · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Tuesday, 16 June 2026, listed under Lahore. Issued by Select Technologies Limited. The last date printed on the advertisement was Friday, 3 July 2026 and has passed.
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Issuer: Select Technologies Limited (Registered & Corporate Office: 152-I-M Quaid-e-Azam Industrial Area, Kot Lakhpat, Lahore). This is an abridged prospectus for an Initial Public Offering (IPO) under the Book Building Method with a Floor Price of PKR 28.00 per share.
Key offer details:
| Issue size | 88,888,889 ordinary shares (face value PKR 10 each) |
|---|---|
| Floor / Issue Price | Floor Price PKR 28.00 per share (issue price to be determined through book building; retail allotment at Issue Price) |
| Total capital to be raised | PKR 2,488,888,892 (at Floor Price) |
| Offer split | 75% (66,666,667 shares) through Book Building to successful bidders; 25% (22,222,222 shares) for Retail Investors at the Issue Price |
| Method | Book Building for eligible investors; Public subscription for retail investors |
| Registration of eligible investors | Commences 2026-06-17 at 09:00 and closes 2026-06-23 at 15:00 |
| Bidding period (Book Building) | 2026-06-22 to 2026-06-23 |
| Public subscription (Retail) | 2026-07-02 to 2026-07-03 (both days inclusive; open/close at midnight) |
| Minimum bid (Book Building) | Not less than PKR 2,000,000 |
| Minimum application (Retail) | Minimum subscription 500 shares (Issue Price × 500) |
Eligible participants for Book Building: securities brokers, mutual funds, scheduled banks and development finance institutions that are clearing members of the NCCPL, and trading-only brokers. Retail investors may apply during the public subscription window through PSX's e-IPO and other approved channels.
Use of proceeds (summary):
| Purpose | Amount (PKR) | % |
|---|---|---|
| Plant & Machinery — AC Assembly Line | 624,174,707 | 25% |
| Plant & Machinery — Smartphones | 433,351,038 | 17% |
| Plant & Machinery — TV Assembly Line | 1,373,116,320 | 55% |
| Working Capital | 56,346,827 | 3% |
| Total | 2,488,888,892 | 100% |
Application & channels: Retail public applications can be submitted through PSX's e-IPO system and Centralized e-IPO system (details and forms available on PSX and company websites). Investors should refer to the full prospectus and bidding form for subscription instructions, documentation requirements and registrar details.
Advisors & consultants: Joint consultants and lead advisors include Arif Habib Limited (and others listed in the prospectus). For full audited financials, detailed terms, eligibility, risk factors, and subscription processes consult the full prospectus available on PSX and the company’s official websites.
Publication / issue date: Prospectus published 2026-06-16. Interested investors should observe the stated registration, bidding and public subscription dates and read the full prospectus and risk disclosures before applying.
Published in Nawa-i-Waqt on Tuesday, 16 June 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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