Sign In
×Brief
Company Status: | Listed |
Business Activity: | Selling, Manufacturing and maintaining electric and hydraulic elevators and escalators. |
Current Capital: | 60.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 25.00 % |
Offer Price (Riyal): | 23.00 |
Issue Volume (M Riyal): | 27.60 |
Premium: | 13.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | The qualified investor categories stipulated in the glossary of terms used in the regulations and rules of the Capital Market Authority (CMA) . |
Use of Proceeds: | The company will allocate SAR 2.90 million to settle all the fees and expenses related to the offering, which include the fees of the financial advisor, the lead manager, and other advisors, in addition to marketing, printing and distribution expenses, as well as other offering related expenses. The company will bear all costs, fees and expenses related to the offering, and will use the net offering proceeds to finance the company's expanding plan . |
Restrictions on Dealing in Shares: | Major shareholders will be subject to a 12-month lock-up period, during which they will be banned from disposing of their shares starting from the listing date on Nomu-Parallel Market. Major shareholders may dispose of their shares after the lock-up period without obtaining a prior approval from CMA . |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | 6/5/2023 |
The minimum & maximum offering price: | 9/10/2023 |
Subscription End Date: | 9/14/2023 |
Allocation Date: | 9/19/2023 |
Distribution Date: | 9/21/2023 |
Listing Date: | 10/4/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Mohsen Ali Daly Al-Otaibi | 0.71 | 11.89 % | 14.30 |
Sheikh Malik Hammoud Faisal Al-Sabah | 0.53 | 8.82 % | 10.61 |
Abdullah Fahd Ali Al-Otaibi | 0.39 | 6.46 % | 7.77 |
Awwad Bard Jaed Al-Enezi | 0.34 | 5.67 % | 6.82 |
Fahd Ali Daly Al-Otaibi | 0.34 | 5.67 % | 6.82 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | - |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | - |
Auditor: | United Accountants Professional Consulting Company |
Receiving Bank: | Yaqeen Financial Company |
IPO results
Proceeds: | - |
Subscription Percentage: | 495.07% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Atlas Elevators General Trading and Contracting Co.
Related News
Atlas Elevators shares to debut on Nomu todayArgaam Special04/10/2023
Atlas Elevators to debut on Nomu on Oct. 4Argaam02/10/2023
Atlas Elevators IPO 495% covered on Nomu, priced at SAR 23/shareArgaam19/09/2023
Qualified investors start subscription to Atlas Elevators 1.2 mln shares todayArgaam Special10/09/2023
Atlas Elevators sets price range for Nomu IPO at SAR 21-23/shareArgaam07/09/2023
A look at Atlas Elevators’ products, expansion planArgaam05/09/2023
Atlas Elevators issues prospectus for IPO on NomuArgaam02/08/2023
CMA approves 4 new listings on NomuArgaam05/06/2023
Call Request