Symmetry Group announces IPO for AI-focused subsidiary

KARACHI: Symmetry Group Limited has announced its plans to launch an initial public offering (IPO) for its new subsidiary, which specialises in AI-powered solutions and platforms, including Influsense[dot]ai and Vidfy[dot]ai, the company notified this to the Pakistan Stock Exchange Limited on Wednesday.

The decision, approved by the board of directors, aims to raise approximately Rs1.5 billion to Rs2 billion. The funds will be used to scale the AI-driven platforms and expand into new markets, marking a significant step in Symmetry Group’s growth strategy.

To manage the IPO process, the board has appointed KTrade Securities Limited as the IPO adviser. The company anticipates that KTrade Securities will complete the process within six months from the date of the board approval. Symmetry Group Limited will release further details regarding the IPO process in due course, in compliance with regulatory requirements.