Service Global Footwear Limited has informed the Pakistan Stock Exchange (PSX) that its associated company, Service Long March Tyres Limited (SLM), has submitted its prospectus for listing shares as part of a planned initial public offering (IPO).
According to a disclosure filed with the PSX and the Securities and Exchange Commission of Pakistan (SECP), SLM intends to raise between Rs. 5.6 billion and Rs. 7.8 billion through the offering.
The IPO will consist of approximately 389.7 million ordinary shares, priced at a floor rate of Rs. 14.25 per share. This will represent around a 5% stake in the company after listing.
The company stated that the funds raised will be used to support the development of a passenger car radial tyre manufacturing project, which carries an estimated total cost of Rs. 22.5 billion. The remaining financing is expected to come from long-term borrowing and internal cash generation.
The filing also follows earlier disclosures made in December 2025 regarding the planned listing and expansion strategy.
