Symmetry Group seeks listing

Symmetry Group Ltd, a digital solutions company with multiple subsidiaries, is looking to raise Rs430.2 million through a stock exchange listing. The Pakistan Stock Exchange (PSX) sought public feedback on Tuesday to the proposed listing of the company, which is offering 30.9 per cent of its post–initial public offer (IPO) shareholding to investors. Symmetry Group is selling 78.2m ordinary shares having face value of Re1 each at a fixed price of Rs5.50 per share. Almost 22.1pc of the total post-IPO shareholding is being sold as new shares while the remaining 8.8pc stake is being offered from the already existing shares held by the company’s two sponsors. Symmetry Group calls itself a digital technology and experiences company that focuses on “transformation and digitalisation” of marketing, sales and other consumer-centric functions.