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  "path": "/slm-tires-ipo-pkr-69billion",
  "publishedAt": "2026-05-19T15:02:16.000Z",
  "site": "https://nukta.com",
  "tags": [
    "SLM Tyres' IPO"
  ],
  "textContent": "\n\n\n\nService Long March Tires Limited's (SLM) initial public offering (IPO) was oversubscribed 16.7 times during its two-day book building, attracting investor bids of approximately PKR 69.4 billion ($250 million).\n\nThe transaction sets a new record for IPO demand on the Pakistan Stock Exchange (PSX).\n\nThe company raised its maximum target of PKR 7.77 billion at the cap price, representing a 40% premium over the floor price. Most bids came from institutional investors and high-net-worth individuals drawn by the company's export potential and long-term growth outlook.\n\nMarket participants described the level of participation as unprecedented for Pakistan's IPO market.\n\n#### How much did SLM Tires raise in its IPO?\n\nSLM Tyres' IPO achieved its maximum fundraising target of PKR 7.77 billion. The transaction also reached the maximum cap price.\n\nThe strike price was set 40% above the floor price, indicating strong demand from institutional bidders.\n\nThe transaction marks the highest amount ever raised by any IPO at the Pakistan Stock Exchange.\n\n#### Why did the SLM Tires IPO attract record bids?\n\nThe response reflects strong investor confidence in SLM Tires' fundamentals, export potential, and long-term growth outlook.\n\nThe transaction is among the most strongly participated industrial IPOs in Pakistan's recent capital market history.\n\nIt also reflects a growing appetite for export-oriented manufacturing companies with scale, technology advantage, and regional market access.\n\nArif Habib Limited served as the lead manager and book runner for the IPO. Its Chief Executive Officer, Shahid Ali Habib, called the response a historic moment for Pakistan's capital market.\n\nHabib said the transaction is the largest in the history of the Pakistan Stock Exchange. It generated investor interest of approximately PKR 70 billion ($250 million) and raised PKR 7.77 billion.\n\nHabib said the response shows Pakistan's capital market is ready to support companies with strong fundamentals, export capability, scale, and a clear growth strategy.\n\n#### What does the IPO mean for Pakistan's capital market?\n\nThe successful book building is being viewed as a landmark transaction for the Pakistan-China joint venture in the manufacturing sector.\n\nIt also marks a strong signal of renewed investor confidence in export-led industrial listings on the Pakistan Stock Exchange.",
  "title": "SLM Tires IPO shatters records with PKR 69.4 billion in investor bids"
}