Riyad Capital said the initial public offering (IPO) of Middle East Paper Co. (MEPCO) was 347 percent oversubscribed on its sixth day.
About 20.8 million shares were taken up by 982.1 thousand retail investors for SAR 624.3 million.
MEPCO's six million share-sale started last Wednesday and will continue until April 14, according to data available on Argaam.
Riyad Capital is the financial advisor, lead manager, and underwriter of the IPO.
|
IPO Details |
|||
|
Raised funds (SAR mln) |
Subscribers (thousand) |
Subscription ratio |
Day |
|
91.3 |
136.2 |
50.7% |
April 8 |
|
193.3 |
289.0 |
107% |
April 9 |
|
234.3 |
349.0 |
130% |
April 10 |
|
318.5 |
480.7 |
177% |
April 11 |
|
475.0 |
727.4 |
264% |
April 12 |
|
624.3 |
982.1 |
347% |
April 13 |
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