Public subscription for the initial public offering (IPO) of Select Technologies Limited will open on July 2 and remain available until July 3, following a fully subscribed book-building phase.

Select Technologies, a wholly owned subsidiary of Air Link Communication Limited, is offering 88.88 million ordinary shares, equivalent to 10 percent of its post-IPO paid-up capital.

During the book-building process, 66.66 million shares (75 percent of the total offering) were allocated to institutional investors and high-net-worth individuals. The issue was fully subscribed, with the strike price set at Rs. 34 per share.

The remaining 22.22 million shares (25 percent of the offering) are now available to retail investors at the same price.

The company manufactures and assembles smartphones, smart TVs, and air conditioners in Pakistan, and also produces devices under partnerships with global brands including Xiaomi and Hisense.

Air Link Group CEO Muzaffar Hayat Paracha said the book-building phase received full subscription, while Shahid Ali Habib, CEO of Arif Habib Limited, said the strong response highlighted investor confidence in the offering.

Retail investors can submit applications through the CDC Centralized Subscription System (CSS) and the Pakistan Stock Exchange’s e-IPO portal until 11:59 p.m. on July 3.