{"id":543873,"date":"2026-04-30T12:39:28","date_gmt":"2026-04-30T07:39:28","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=543873"},"modified":"2026-04-30T12:39:28","modified_gmt":"2026-04-30T07:39:28","slug":"service-long-march-tyres-announces-ipo-to-raise-upto-rs7-8b-to-fund-passenger-car-tyre-expansion","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/service-long-march-tyres-announces-ipo-to-raise-upto-rs7-8b-to-fund-passenger-car-tyre-expansion\/","title":{"rendered":"Service Long March Tyres announces IPO to raise upto Rs7.8b to fund Passenger Car Tyre Expansion"},"content":{"rendered":"<p> Karachi<br \/>\nService Long March Tyres Limited, one of Pakistan\u2019s leading manufacturers of truck and bus radial tyres, has announced its Initial Public Offering (IPO) at the Pakistan Stock Exchange, marking a significant milestone as the company moves into its next phase of growth with entry into the passenger car radial (PCR) tyre segment. The company has received approval from PSX.<br \/>\nThe company is offering 389.738 million ordinary shares, representing 5 percent of its post-IPO paid-up capital, through the book-building method at a floor price of Rs14.25 per share that can rise upto 40% to reach Rs. 19.95 per share subject to interest by investors. Of the total offer, 75 percent comprises the book-building portion for institutional investors, while the remaining 25 percent will be offered to retail investors at the strike price. The book-building phase of the IPO is scheduled to take place in May, during which institutional investors and high-net-worth individuals will be able to submit bids within the announced price band. The process will determine the strike price based on demand, following which the offer will move to the general public subscription phase. Market participants expect strong interest given the company\u2019s growth trajectory, export footprint and expansion plans, positioning the book-building round as a key milestone in the overall offering process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi Service Long March Tyres Limited, one of Pakistan\u2019s leading manufacturers of truck and bus radial tyres, has announced its Initial Public Offering (IPO) at the Pakistan Stock Exchange, marking a significant milestone as the company moves into its next phase of growth with entry into the passenger car radial (PCR) tyre segment. The company [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-543873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Service Long March Tyres announces IPO to raise upto Rs7.8b to fund Passenger Car Tyre Expansion<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/service-long-march-tyres-announces-ipo-to-raise-upto-rs7-8b-to-fund-passenger-car-tyre-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Service Long March Tyres announces IPO to raise upto Rs7.8b to fund Passenger Car Tyre Expansion\" \/>\n<meta property=\"og:description\" content=\"Karachi Service Long March Tyres Limited, one of Pakistan\u2019s leading manufacturers of truck and bus radial tyres, has announced its Initial Public Offering (IPO) at the Pakistan Stock Exchange, marking a significant milestone as the company moves into its next phase of growth with entry into the passenger car radial (PCR) tyre segment. 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