Symmetry Group Announces Plans for AI Subsidiary IPO, Aims to Raise Rs. 2 Billion

Symmetry Group Limited has announced plans to take its artificial intelligence subsidiary public, according to a notice issued to the Pakistan Stock Exchange on Wednesday. The company’s Board of Directors has approved the initiation of an Initial Public Offering (IPO) process for its subsidiary focused on AI-powered solutions and platforms, which includes Influsense.ai and Vidfy.ai. According to the filing, Symmetry Group aims to raise between Rs. 1.50 billion and Rs. 2.0 billion through the offering. The board has appointed KTrade Securities Limited as the IPO advisor to complete the process within six months from the date of board approval. “This marks a significant milestone in our growth strategy as we aim to scale these AI-driven platforms and expand into new markets,” stated the notification. The company indicated that further details regarding the IPO process will be shared in due course, in accordance with regulatory requirements.