Service Long March Tyres Limited (SLM Tyres), Pakistan’s largest truck and bus radial (TBR) tyre manufacturer, recently held a roadshow in Karachi to detail its upcoming Initial Public Offering (IPO). The company is currently valued at approximately USD 550 million, and it is expected to reach USD 1 billion within two years through expansion and exports, according to CEO Omar Saeed.

The IPO will be priced between PKR 14.25 and PKR 19.95 per share, with a registration period from May 13 to 15, 2026, and the book building set for May 18 and 19, 2026. The offering is expected to raise between PKR 5.5 billion and PKR 7.8 billion, representing 5% of the company’s post-issue capital and managed by Arif Habib Limited.

SLM Tyres controls about 59% of Pakistan’s TBR tyre market and plans to increase its production capacity from 1.6 million to 2 million tyres by July 2026. Additionally, the company is investing in a 7.5 MW wind turbine project to reduce energy costs and improve efficiency. With strong domestic demand and a significant supply gap in the market, SLM Tyres aims to attract institutional and retail investors, positioning itself as a leader in Pakistan’s tyre industry amidst a transformative phase in manufacturing and export potential.