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×Brief
Company Status: | Listed |
Business Activity: | The company manufactures and markets drawn wire products, trucks axles and metal casting. |
Current Capital: | 354.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 51.28 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 120.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered Shareholder and New Shareholders . |
Use of Proceeds: | Factory to produce highpressure valves SAR ( 30,000,000 ) & Repayment of loans SAR ( 25,000,000 ) & Working capital SAR ( 24,500,000 ) & Stranded Wire Production Line Project for Pre-stressed Concrete SAR ( 20,000,000 ) & Aluminum casting factory SAR ( 15,000,0000 ) & Offering expenses SAR ( 5,500,000 ) |
Restrictions on Dealing in Shares: | the regulatory restrictions imposed generally on the listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 9/14/2021 |
The minimum & maximum offering price: | 11/29/2021 |
Subscription End Date: | 12/9/2021 |
Allocation Date: | 12/23/2021 |
Distribution Date: | 1/16/2022 |
Listing Date: | 12/23/2021 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
National Manufacturing Company | 12.37 | 34.93 % | 230.98 |
Advisors
Lead Manager: | Al-Nefaie Investment Group |
Underwriter: | Al Wasatah Al Maliah Company |
Financial Advisor: | Al Wasatah Al Maliah Company |
Legal Advisor: | Mohammed AlDhabaan And Partners |
Auditor: | BDO Dr. Mohamed Al-Amri & Co. |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 104.08 mln |
Subscription Percentage: | 86.73 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - National Metal Manufacturing and Casting Co.
Share Performance
Last Price: | 18.68 |
Change: | 4.24 % |
Market Cap (M): | 661.27 |
Turnover: | 20,373,155.00 |
Transactions: | 1,975.00 |
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