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×Brief
Company Status: | Listed |
Business Activity: | The company manufactures welded steel pipes. |
Current Capital: | 510.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 45.71 % |
Offer Price (Riyal): | 25.00 |
Issue Volume (M Riyal): | 400.00 |
Premium: | 15.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | 7.65 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens and investment funds |
Use of Proceeds: | The net proceeds from IPO will be used in the company's expansion projects |
Restrictions on Dealing in Shares: | Founding shareholders may not dispose their 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: | 6/27/2009 |
Subscription End Date: | 7/3/2009 |
Allocation Date: | 7/8/2009 |
Distribution Date: | 7/8/2009 |
Listing Date: | 8/4/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Tenaris S.A. Ltd. Co. | 24.37 | 47.79 % | 1,903.52 |
Hio Steel Company Limited | 8.35 | 16.37 % | 652.03 |
Advisors
Lead Manager: | GIB Capital LLC |
Underwriter: | Riyad Capital |
Financial Advisor: | GIB Capital LLC |
Legal Advisor: | Hourani & Associates |
Auditor: | KPMG Al Fozan & Partners, Al Fowzan & Banaga KPMG |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 657mn |
Subscription Percentage: | 344% |
No. of Subscribers: | 1300K |
Allocation: | The allocation rate was set at 5 shares per individual subscriber |
Chart - Saudi Steel Pipe Co.
Share Performance
Last Price: | 78.10 |
Change: | (9.28) % |
Market Cap (M): | 3,988.20 |
Turnover: | 375,493,365.00 |
Transactions: | 18,916.00 |
Share Stats
First Day Open: | 35.00 |
First Day High: | 36.70 |
First Day Low: | 33.40 |
First Day Close: | 33.50 |
1st Day Change: | 34.00 % |
1st Month Change: | 16.80 % |
1st year Change: | 4.00 % |
Since listing: | 212.80 % |
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