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Retal’s IPO on Tadawul 8.88x covered, 5 shares allotted per subscriber
Logo of Retal Urban Development Co.
Retal Urban Development Co., which will list shares on Tadawul, completed its retail offering and allocated a minimum of five shares per retail subscriber, SNB Capital, the financial advisor, lead manager, bookrunner, and underwriter on the IPO announced. The remaining shares will be allocated on a pro-rata basis, based on the demand size of every subscriber to total shares. The allocation ratio is 0.364%.
|
Retail Offering Highlights |
|
|
Total number of offer shares |
12 mln |
|
Percentage of capital |
30% |
|
Shares allocated to retail investors |
1.2 mln |
|
Number of retail subscribers |
233100 |
|
Offer price |
SAR 120 |
|
Retail offer coverage |
8.88x |
|
Total value of retail subscriber orders |
SAR 1.278 bln |
|
Allocation |
A minimum of five shares |
|
Allocation of remaining shares |
0.364% on a pro rata basis |
|
Surplus refund |
No later than June 15 |
The company offered 12 million shares, representing 30% of its capital, of which 90% was allocated to participating parties and 10% to retail investors.
The subscription period for the retail tranche ran through June 5-6. Retail investors fully subscribed to 1.2 million shares at SAR 120 each.
Related News
| Retail subscription to Retal's IPO starts today |
| Retal’s IPO 62.7x covered, final offer price set at SAR 120/share |
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