Karachi: (Right Now News) Service Long March Tyres Limited’s initial public offering was fully subscribed in just 5 seconds on Monday. This marks one of the fastest book-building transactions in the history of the Pakistan Stock Exchange.

The company set the IPO price between 14.25 and 19.95 rupees per share. The book-building process is scheduled for May 18 and 19, 2026. The company’s valuation is estimated at 550 million dollars, with a target to become a billion-dollar company within two years.

The IPO’s tremendous success demonstrates confidence in Pakistan, its capital market, Service Group, the Pakistan-China partnership, and Arif Habib Limited.

This development comes at a time when investment in export-oriented manufacturing companies is increasing in Pakistan’s equity market.

It is noteworthy that the company plans to start producing passenger vehicle tires at a new plant, with commercial production expected in January 2028.