As many as 3.71 million retail investors injected SAR 32.57 billion to subscribe to 1.10 billion shares of Saudi Aramco by the end of Nov. 27, Samba Financial Group said in a statement.
The IPO was 102% oversubscribed.
The lead manager added that 1.60% of investors submitted bids through phone banking, 23.03% through ATMs, 38.08% through internet banking and 37.29% through bank branches.
The retail offering will close tomorrow, Thursday, Nov. 28.
|
Aramco IPO (Tenth Day) |
|||||
|
Days |
Number of subscribers (mln( |
Funds raised (SAR bln) |
Number of subscribed shares (bln) |
Number of shares offered (bln) |
Coverage ratio (%) |
|
Fifth Day |
1.82 |
14.59 |
0.46 |
1.00 |
46% |
|
Ninth Day |
2.63 |
21.77 |
0.68 |
1.00 |
68% |
|
Tenth Day |
3.10 |
27.04 |
0.85 |
1.00 |
85% |
|
Eleventh Day |
3.72 |
32.57 |
1.02 |
1.00 |
102% |
For more details about Saudi Aramco IPO
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