Service Long March Tyres Limited created history at the Pakistan Stock Exchange after its Initial Public Offering (IPO) received overwhelming investor response. The IPO was reportedly oversubscribed 16.7 times, making it one of the largest and most successful IPOs in PSX history.
According to reports, the book-building phase generated investor interest worth approximately Rs69 billion. Market participants viewed the massive response as a sign of growing confidence in Pakistan’s capital markets and industrial sector.
The successful IPO is expected to encourage more companies to explore public listings on PSX in the coming months.