August 08, 2023 (MLN): The first Initial Public Offering (IPO) of FY24 via Symmetry Group Limited (SGL) at the Pakistan Stock Exchange (PSX) has oversubscribed on the first day of its book building as investors rushed to secure their slice of success.
“We received an amazing response from investors, both institutional and individuals, in book building,” Muhammad Sohail, CEO at Topline Securities informed via his Twitter account on Tuesday.
This shows investors’ trust in the transaction and in the management, he added.
Symmetry IPO Oversubscribed!
We received an amazing response from investors, both institutional and individuals, in book building.
This shows investors trust in the transaction and in the management.
SGL intended to raise Rs375mn to develop and launch various digital IPs. The plan is to develop five independent intellectual properties (IPs).
These IPs will provide SaaS platforms for consumer insights, visualization of Key Performance Indicators, and other critical information to aid businesses in the decision-making process.
