The Board of Directors of Symmetry Group Limited has announced their plans to launch an Initial Public Offering (IPO) for a new subsidiary focused on AI-powered solutions, including platforms such as Influsense.ai and Vidfy.ai.
The company disclosed this development through a notice to the Pakistan Stock Exchange (PSX) on Wednesday under Section 96 of the Securities Act 2015 and clause 5.6.1(a) of the Code of Corporate Governance contained in the PSX Rule Book.
The IPO aims to raise between Rs1.5 billion and Rs2 billion to support the company’s expansion into AI-driven services.
The board has approved the appointment of KTrade Securities Limited as the IPO advisor, with the process expected to be completed within six months from the date of board approval.
The company views this move as a key step in its growth strategy, aiming to scale its AI-based platforms and explore new markets. Further details regarding the IPO will be disclosed in due course, in compliance with regulatory requirements.
The announcement has positively impacted Symmetry Group’s stock, which saw a 5.94% increase and was trading at Rs16.60 as of 11:44 am.
Last month, Symmetry Group approved two new artificial intelligence-based products, Vidfy.ai and Influsense.ai, as part of its latest strategic initiatives, aiming to expand its product portfolio while simultaneously raising capital to support future growth.
Symmetry Group Limited is a leading player in digital technology and business transformation. The company specialises in services such as digital strategy, artificial intelligence, digital commerce, data science, mobility, and interactive marketing, positioning itself as a key player in the evolving digital landscape.
