Symmetry Group's IPO oversubscribed by 1.58x

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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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