KARACHI, April 14, 2026 — Service Long March Tyres Limited has filed a prospectus with the Pakistan Stock Exchange to list its shares and raise up to Rs7.8 billion through an initial public offering (IPO), the company said on Tuesday.
According to details shared with the exchange, the company plans to offer approximately 389.7 million ordinary shares at a floor price of Rs14.25 per share, representing around a 5% stake following the listing. The IPO is expected to raise between Rs5.6 billion and Rs7.8 billion, depending on investor demand.
The company, an associated entity of Service Global Footwear Limited, said proceeds from the offering will primarily be used to finance the establishment of a Passenger Car Radial (PCR) tyres project, with a total estimated cost of Rs22.5 billion.
The remaining funding requirements will be met through a combination of long-term financing and internal cash flows, the company added.
The planned investment underscores continued expansion in Pakistan’s tyre manufacturing sector, which has seen increasing interest from both local and foreign investors in recent years.
Earlier this month, the company announced an additional $120 million investment to scale up operations, following discussions with government officials on boosting industrial capacity and exports.
The meeting, attended by Federal Minister for Commerce Jam Kamal Khan and senior officials, focused on strengthening tariff frameworks, encouraging export growth and supporting the development of the domestic tyre industry.
Analysts said the IPO could attract investor interest given the sector’s growth potential, driven by rising demand for automobiles and localisation policies aimed at reducing import dependence.
Market participants added that successful execution of the project could enhance Pakistan’s manufacturing base and contribute to export-oriented industrial growth.