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×Brief
Company Status: | Listed |
Business Activity: | The company manufactures pharmaceutical products (via subsidiary Tabuk Pharmaceutical Manufacturing Co.). It produces color masterbatch and thermoplastic compounds (Astra Polymers). The company also produces agrochemicals and pesticides (Astrachem). |
Current Capital: | 741.12 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 38.89 |
Issue Volume (M Riyal): | 933.88 |
Premium: | 32.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 500.00 Thousand Shares |
Available Shares (Institutions): | 15.56 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens and investment funds |
Use of Proceeds: | Half the net proceeds from the IPO will be used to finance the company's activities and to invest in its existing and new industrial projects, while the remaining amount will be distributed to the selling shareholders |
Restrictions on Dealing in Shares: | Founding shareholders may not dispose thier shares for a period of six months from the trading date Following the expiry of this six month lock-in period the Founding Shareholders may only dispose of their Shares after obtaining the approval of the CMA |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 7/26/2008 |
Subscription End Date: | 8/4/2008 |
Allocation Date: | 8/10/2008 |
Distribution Date: | 8/10/2008 |
Listing Date: | 8/18/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Arab Company for Supply and Trading | 37.71 | 47.14 % | 6,531.72 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Samba Capital and Investment Management Company |
Financial Advisor: | Samba Capital and Investment Management Company |
Legal Advisor: | Baker & McKenzie Limited, AL Sulaim Al Awaji & Partners Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi |
IPO results
Proceeds: | SAR 2100mn |
Subscription Percentage: | 321% |
No. of Subscribers: | 3400K |
Allocation: | The allocation rate was set at 4 shares per individual subscriber |
Chart - Astra Industrial Group
Share Performance
Last Price: | 173.20 |
Change: | 0.46 % |
Market Cap (M): | 13,872.00 |
Turnover: | 5,065,895.00 |
Transactions: | 409.00 |
Share Stats
First Day Open: | 43.52 |
First Day High: | 44.91 |
First Day Low: | 42.59 |
First Day Close: | 43.52 |
1st Day Change: | 11.91 % |
1st Month Change: | (14.99 %) |
1st year Change: | (15.48 %) |
Since listing: | 345.87 % |
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