KARACHI / ISLAMABAD — Signifying robust retail investor trust in tech-driven equities, the Initial Public Offering (IPO) of Select Technologies Limited has closed with a massive 1.73x oversubscription rate. According to formal regulatory data submitted to the Pakistan Stock Exchange (PSX) by book-runner Arif Habib Limited, the public subscription window pulled in 12,186 individual applications worth a staggering Rs1.31 billion. Investors aggressively bid for 38.43 million ordinary shares against the baseline issue size of 22.22 million shares. Under the confirmed allocation mechanics, small ticket retail applications up to 2,000 shares will be covered in full to encourage public market capitalization.
