Karachi: Aurion.AI Limited has taken a significant step towards being listed on the Pakistan Stock Exchange (PSX) with the placement of its draft prospectus for public commentary. The company, aiming for a listing on the Main Board of PSX, has outlined an Initial Public Offering (IPO) consisting of 150,000,000 ordinary shares, each valued at a par price of PKR 5.00. The offering is being managed by LSE Capital Limited and Growth Securities (Private) Limited as joint lead managers.
According to the announcement made on August 18, 2026, under the Public Offering Regulations of 2017, the draft prospectus is now accessible on the PSX website. Stakeholders are encouraged to submit their feedback by the close of business on Tuesday, August 25, 2026. This development marks a pivotal moment for Aurion.AI as it seeks to expand its capital base and reach within the market.
Central to the IPO structure, 75% of the total shares, equating to 112,500,000, will be allocated through a book-building process at a floor price of PKR 5.00 per share, with an upper limit price band of 50% above the floor price, set at PKR 7.50. The remaining 25% of shares, or 37,500,000, are reserved for retail investors and will be fully underwritten by Dawood Equities Limited and Sherman Securities (Pvt.) Limited. The underwriting agreement specifies a fee of 1.50% and a take-up commission of 2.00% for the underwriters.
The financial implications of the IPO are substantial. At the floor price, the company expects to raise PKR 750 million, while the cap price is projected to bring in PKR 1.125 billion. This financial maneuver is intended to support Aurion.AI’s strategic growth initiatives and further solidify its position in the market.
According to information available from the Pakistan Stock Exchange (PSX), the pre-IPO shareholding of Aurion.AI is dominated by Symmetry Group EMEA FZC, which holds 220,009,992 shares, representing 84.62% of the company. This will reduce to 53.66% post-IPO. The public offer portion of the shares will constitute 36.58% of the total post-IPO equity.
Aurion.AI’s recent audited financial statements for the fiscal year 2026 show a loss after taxation of PKR 13.42 million, with total assets amounting to PKR 1.305 billion. The company’s equity stands at PKR 1.286 billion, and it has managed a net cash increase of PKR 10,475, signaling a modest cash balance at year-end.
The IPO is a crucial component of Aurion.AI’s broader strategy to enhance its capital structure and operational capacity. As the company moves forward, the feedback from stakeholders will play a critical role in shaping the final terms of the offering, marking a new chapter in its corporate journey.