⚡ Flash Summary

Service Global Footwear Limited (SGFL) announced on December 5, 2025, that its associated company, Service Long March Tyres (Private) Limited (SLM), will raise capital through an Initial Public Offering (IPO) and seek listing on the Pakistan Stock Exchange Limited (PSX). This move is in accordance with the Rule Book of PSX and the Securities Act, 2015. SGFL will keep the PSX informed about further developments. This announcement signals a potential expansion and investment opportunity within the group.

📌 Key Takeaways

• 📣 Service Global Footwear Limited (SGFL) announces IPO plans for its associated company.
• 🏢 Service Long March Tyres (SLM) to raise capital through IPO.
• 🇵🇰 SLM to seek listing on the Pakistan Stock Exchange (PSX).
• 📅 Announcement date: December 05, 2025.
• 📜 IPO move complies with PSX Rule Book and Securities Act, 2015.
• ℹ️ SGFL will keep PSX updated on further developments.
• 💼 Waheed Ashraf, Company Secretary, is the contact person.
• 📍 Registered address: Servis House, 2-Main Gulberg, Lahore.
• 📞 Contact Tel: +92 42 35751990-96.
• 🏢 SLM’s IPO can enhance Service Global Footwear Limited’s visibility.

🎯 Investment Thesis

HOLD. The announcement of Service Long March Tyres’ IPO is a positive development, but lacks specific details to make a strong buy recommendation. More information on the IPO size, pricing, and financial performance of SLM is needed. A hold recommendation is appropriate until further details emerge. Price target: To be re-evaluated after IPO details are available.