Logo of Saudi Home Loans Co.

The retail subscription to shares of Saudi Home Loans Co. (SHL) was 2,644% oversubscribed, said Riyad Capital, the lead manager, financial advisor, and underwriter. 

 

Each retail investor will receive a minimum of three shares, while the remaining shares will be allocated on a pro-rata basis, based on the demand size of every subscriber to total shares.

 

Fraction shares were collated and allocated in a descending manner at one share per order starting, the company added.

 

Details of Retail IPO

No. of retail subscribers 

756,425 

Number of shares offered to retail subscribers 

3 mln shares 

Offer price 

SAR 20/share 

Retail coverage 

2644.01% 

Total value of retail applications 

SAR 1,586 bln 

Allocation 

3 shares (minimum)/individual 

Allocation of remaining shares will be on a pro-rata basis 

0.94836% 

Refund to retail subscribers 

Not later than April 6, 2022 
 

The company offered 30 million shares in an IPO, representing 30% of its SAR 100-million capital, of which 10% was allocated to retail investors and 90% to institutional investors, according to data compiled by Argaam. 

 

The subscription period for retail investors’ tranche, comprising 3,000,000 shares representing 10% of the total offering at a final offer price of SAR 20 per share, commenced from March 27-29.

 

For More IPOs

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