Sport Clubs retail IPO 533.6% covered; 10 shares/subscriber

Logo of Sport Clubs Co.

Sport Clubs Co. successfully completed its retail offering to list shares on the Main Market (TASI), BSF Capital, the  lead manager, financial advisor, bookrunner and underwriter, said in a statement to Tadawul.

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The retail investor subscription period, which lasted for one day, saw participation from 259,690 investors at the final offer price of SAR 7.5 per share. Total orders placed by retail investors reached approximately SAR 247.7 million, resulting in an oversubscription rate of 533.6%.

A minimum of 10 shares was allocated to each investor in the retail tranche. The remaining shares were allocated on a pro rata basis, based on the size of each investor’s request proportional to the total remaining shares, with an average allocation factor of 12.5%, the statement added.

The company also noted that based on the results of the retail subscription period, the number of shares allocated to the participating parties’ tranche will be reduced to 27.46 million shares, representing 80% of the total offering.

On July 8, 2025, individuals subscribed to 6.86 million shares of the Sports Clubs Co. at a price of SAR 7.50 per share, determined through a book-building process, Argaam’s data showed.

The company offered 34.32 million ordinary shares for public subscription, representing 30% of the company's post capital increase and the issuance of new shares.

The institutional tranche of the sale closed last week, and was nearly 44.1x covered.

The company's post-IPO capital stands at SAR 114.4 million at a par value of SAR 1.