Select Technologies raises Rs3.02bn through IPO

What's the deal? Select Technologies Pvt LtdDealroom has a profile for this one. Try Dealroom → raised Rs3.02 billion (roughly $10.9 million) through its IPO, according to The Express Tribune. Chief executive Adnan Aftab said the proceeds will expand production capacity for smartphones, air conditioners and smart TVs.

Why now? Pakistan's Securities and Exchange Commission said 10 initial public offerings approved between January and June 2026 raised more than Rs20 billion in total. The regulator is also working to increase the country's investor base to 2.5 million through digital onboarding and mobile access.

The signal: Select Technologies' listing gives the distributor growth capital to expand its consumer-electronics production capacity while Pakistan seeks to deepen participation in its capital markets.

Image credit: thetaxhaven

Read more: The Express Tribune