Panther Tyres Limited

Panther Tyres Limited

Initial Public Offering

PKR 2,632 Million

Lead Manager & Book Runner


Description of Transaction:

  • AHL acted as the Lead manager & book runner for Service Global Footwear Limited and successfully completed the IPO by raising PKR 2,632 Million for the Company.
  • Application for the total of 19,196,500 shares were recieved against the issue size of 10,000,000 ordinary shares
  • General portion was over subscribed by 9,196,500 shares amounting to PKR 605,129,700 (1.92x)
  • Strike Price was PKR 65.80/share

About the Issuer:

  • Incorporated in 1983, Panther Tyres Limited (“Panther” or the “Company”) was the first player in Pakistan to introduce local manufacturing of tyres for two and three wheelers
  • Over time, the Company has evolved to become one of the largest and leading manufacturer of tyres and tubes in Pakistan under the famous brand name “PANTHER”
  • Panther Tyres Limited is engaged in manufacturing Tyres and Tubes for Motorcycle, Rikshaw, Tractor, Forklift, LTV, Scooter, Moped and Caravan.
  • It is the first Pakistani Tyre's company to be awarded the ISO 9001 certification.
  • Panther tyres are regularly exported to Asian, Middle East, African, and European markets.
Source: PSX