The Securities and Exchange Commission of Pakistan (SECP) has given the go-ahead for Symmetry Group Limited’s Initial Public Offering (IPO).
The Securities and Exchange Commission of Pakistan (SECP) has given the go-ahead for Symmetry Group Limited’s Initial Public Offering (IPO). Symmetry Group Limited is a well-known digital technology and experiences business with headquarters in Pakistan that focuses on digital goods and services.
This accomplishment enables Symmetry Group to proceed with its goals of starting the IPO and selling shares to the general public.
As a pioneer in the digital sector, Symmetry Group has helped organisations transform and digitalize their marketing, sales, and other consumer-focused functions.
The Company’s application to list on the Main Board of the Pakistan Stock Exchange Limited has been approved, opening the door for its initial public offering.
The initial public offering will be carried out using the “Book Building” method, in which shares are distributed to investors using the Dutch auction method. The offering will include a fresh capital raise of Rs. 375 million and 101,240,082 shares with a floor price of Rs. 4.25 each. Sarocsh Ahmed and Adil Ahmed, the company’s sponsors, will also offer shares worth Rs. 55 million.
Chief Executive Officer and Co-Founder of Symmetry Group Sarocsh Ahmed expressed his excitement for this accomplishment, saying, “Symmetry Group is driven by its pioneering legacy of transforming possibilities for businesses and organisations for over two decades.”
“Our customers rely on us to produce cutting-edge digital experiences because of our creativity, innovation, and know-how. Our talented team upholds the confidence of our stakeholders as we strengthen our core and increase our capabilities.”
“Partnering with us enables businesses to realise their full potential through seamless digital integration and a reimagined suite of transformative products and services. The IPO strengthens our financial position and allows us to create cutting-edge, AI-driven products and intellectual properties because of our aggressive local and international growth plans,” he added.
We see this as a reflection of the potential of the digital-tech sector, the speaker continued. Together, we can foster innovation and open up opportunities while accelerating the growth of Pakistan’s tech sector. The Symmetry Group is dedicated to moving forward and transforming the future to include limitless possibilities.
The Symmetry Group recently unveiled its new board of directors, which is led by Zaheer Hussain Dhodia. Musharaf Hai, Muhammad Najeeb Agrawalla, Jibran Jamshad, Syed Asim Zafar, Adil Ahmed, Executive Director & Co-Founder, and Sarocsh Ahmed, Chief Executive Officer & Co-Founder, are among the esteemed business professionals who make up the board.
Since its founding more than 20 years ago with a meagre investment of just Rs. 150,000, Symmetry Group has become a leader in Pakistan’s digital industry.
The company offers a full range of digital brands and products to help customers at every stage of their digital journeys thanks to its expertise in digital strategy, transformation, commerce, data science, mobility, retail/research, and interactive marketing.
Reputable companies like Jazz, Habib Bank Limited, Procter & Gamble, EFU Life Assurance, Digicel (Caribbean), English Biscuit Manufacturers, Martin Dow, Jubilee Life Insurance, and many others have benefited from the transformative solutions provided by Symmetry Group.