The Select Technologies IPO public subscription is now open. Starting July 2, 2026, everyday investors in Pakistan can apply for shares in Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited. The subscription will stay open until July 3, 2026, at 11:59 pm.
What Is the Select Technologies IPO?
Select Technologies Limited is a Pakistani company that makes and assembles smartphones, smart TVs, and air conditioners locally. It has partnerships with big global brands like Xiaomi and Hisense. The company is going public on the Pakistan Stock Exchange (PSX) through an Initial Public Offering, or IPO. An IPO is when a company sells its shares to the public for the first time.
The company is offering a total of 88.88 million ordinary shares. These shares represent 10% of the company’s total capital after the IPO.
Book-Building Phase Already Done
Before the public subscription opened, Select Technologies ran a book-building phase. This is a process where big investors, like banks and wealthy individuals, bid for shares to set a price. That phase was fully subscribed. This means all shares in that phase were sold. The strike price, which is the final agreed price, was set at Rs34 per share.
Out of the total shares, 66.66 million (75%) were sold in the book-building phase. The remaining 22.22 million shares (25%) are now available for the general public at the same price of Rs34 per share.
Select Technologies IPO: What Investors Should Know
Here are the key numbers at a glance:
- Total shares on offer: 88.88 million
- Price per share: Rs34
- Public subscription dates: July 2 to July 3, 2026
- Public shares available: 22.22 million
The company also follows a Shariah-compliant business structure. This means it operates according to Islamic finance principles, which may be important for some investors in Pakistan.
What Leaders Said
Muzaffar Hayat Paracha, Group CEO of Air Link Communication Limited, said the strong book-building response shows investor confidence. “Select Technologies is built around the vision of strengthening Pakistan’s local electronics manufacturing base and bringing globally recognized technology products to Pakistani consumers,” he said.
Shahid Ali Habib, CEO of Arif Habib Limited, also shared his thoughts. “The successful completion of book-building is an encouraging sign for Pakistan’s capital market and for companies looking to raise growth capital through the stock exchange,” he said.
Why This IPO Matters for Pakistan’s Tech Industry
Pakistan has been working hard to grow its local electronics manufacturing. Select Technologies is part of that push. The company already has deals with Xiaomi and Hisense, two well-known global brands. By listing on the stock exchange, it wants to raise money to grow further and produce more devices locally.
This fits into a bigger trend. More Pakistani tech and manufacturing companies are going public to raise funds and expand. A successful Select Technologies IPO could encourage more companies in the sector to do the same.
How to Apply for the IPO
Investors can apply online through two platforms:
- CDC Centralized Subscription Portal: cdcaccess.com.pk
- PSX e-IPO Service: eipo.psx.com.pk
Both platforms let you apply from home using a computer or phone. You will need a CDC account, which is a Central Depository Company account used to hold shares in Pakistan.
Quick Summary
The Select Technologies IPO gives Pakistani investors a chance to own a share in a local tech manufacturer with global brand partnerships. The book-building phase was fully subscribed, which is a good sign. Shares are priced at Rs34 each and the public window closes on July 3, 2026. If you want to invest, act fast as the window is short.