ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance and publication of the prospectus for the Initial Public Offering (IPO) of Service Long March Tyres Limited (SLM). With this approval, the total number of IPOs in FY2025–26 has reached 12, reflecting a steady pipeline of companies opting to list at the Pakistan Stock Exchange (PSX). This momentum comes despite a challenging global environment. Pakistan’s capital market demonstrated resilience amid geopolitical tensions, including the US-Iran conflict, rising oil prices, higher freight and insurance costs, and broad risk-off sentiment in global markets. During this period, the KSE-100 Index declined by 14.54%. However, strong domestic investor participation, sustained primary market activity, and ongoing regulatory reforms helped maintain overall market confidence. SLM, engaged in the manufacturing, sale, and export of truck and bus radial tyres, is offering 389,738,038 ordinary shares, representing 5% of its post-IPO paid-up capital. DNA
