Symmetry Group's IPO oversubscribed by 1.58x

MG News | August 11, 2023 at 01:12 PM GMT+05:00

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August 11, 2023 (MLN): For the Initial Public Offering (IPO) of Symmetry Group Limited (SYM) at the Pakistan Stock Exchange (PSX), the strike price of Rs4.30 per share has been determined through the Book Building conducted on the August 08 and 09, 2023, Topline Securities notice to the local bourse showed today.

It received a total participation of Rs677.96 million against an issue size of Rs430.27m, depicting an over-subscription of 1.58x.

A total of 181 investors participated In the Book Building of SYM out of which 141 were successful.

A category-wise breakup of successful investors for 100% provisional allocation of shares is presented below:

Category of Investors	Shares Allocated	Percentage
High Net worth Individuals	66,171,926	65.36%
Insurance Companies	550,000	0.54%
Other Institution/Corporate Body	19,198,175	18.96%
Provident Fund	1,856,148	1.83%
TREC Holders	13,463,833	13.30%
Total	101,240,082	100.00%

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