2 min read
Service Industries Limited (SIL) announced a significant financial development today. The company officially informed the Pakistan Stock Exchange (PSX) that its subsidiary, Service Long March Tyres (Private) Limited (SLM), is gearing up for an Initial Public Offering (IPO).
In a notification dated December 05, 2025, SIL disclosed the decision regarding SLM. This move marks a major step for the subsidiary as it seeks to enter the public market.
According to the official communique, Service Long March Tyres has decided to raise capital. They will execute this through an IPO. Consequently, SLM seeks a listing on the Pakistan Stock Exchange Limited.
The notification stated:
Service Long March Tyres (Private) Limited (SLM), a subsidiary / associated company of Service Industries Limited (the ‘Company’), has decided to raise capital through Initial Public Offering (‘IPO’) and, accordingly, to seek listing on the Pakistan Stock Exchange Limited.
SIL issued this announcement in accordance with the Rule Book of the PSX and the Securities Act, 2015. The letter was addressed to the General Manager of the PSX in Karachi and the Securities & Exchange Commission of Pakistan (SECP) in Islamabad.
Furthermore, the company confirmed that a disclosure form is attached to the notice. Waheed Ashraf, the Company Secretary, signed the document. He assured stakeholders that the company will keep the PSX informed about further developments in this matter. The exchange has been requested to inform TRE Certificate Holders accordingly.
The IPO news is a strong positive catalyst for investors. The market often rallies SIL stock before the subsidiary lists. Investors have to bet on the successful listing of SLM and the continued export growth of their tyre division.
