June 16, 2026 (MLN): Select Technologies Limited is set to launch its Initial Public Offering through the Book Building method on the Pakistan Stock Exchange, with both SECP and PSX having approved the issuance and publication of its Prospectus.
The company is offering 88,888,889 ordinary shares, of which 75% amounting to 66,666,667 shares will be offered through Book Building at a floor price of Rs28 per share, with a maximum price band of Rs42 per share.
Eligible Participants wishing to take part in the Book Building process may register with PSX through a one-time registration, with no re-registration required for those already enrolled.
The Book Building and registration schedule is as follows:
|
Activity |
Start Date |
End Date |
Timings |
|
Registration of Eligible Participants with PSX |
June 17, 2026 |
June 23, 2026 |
9:00 AM – 5:00 PM (3:00 PM on June 23) |
|
Expression of Interest to NCCPL |
June 17, 2026 |
June 23, 2026 |
9:00 AM – 4:30 PM |
|
Bidding Dates |
June 22, 2026 |
June 23, 2026 |
9:00 AM – 5:00 PM |
|
Final Collection from Successful Bidders |
June 24, 2026 |
— |
9:00 AM – 12:00 Noon |
|
Refund of Margin Money (Unsuccessful Bids) |
June 24, 2026 |
— |
9:00 AM – 12:00 Noon |
The aforementioned was disseminated through a notification to Exchange.