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×Brief
Company Status: | Listed |
Business Activity: | Pipe manufacturing. |
Current Capital: | 210.00 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: | 30.00 % |
Offer Price (Riyal): | 80.00 |
Issue Volume (M Riyal): | 504.00 |
Premium: | 70.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Shares |
Available Shares (Institutions): | 5.67 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 1.05 Million Shares |
Eligibility : | _ Participating Parties . _ Retail Investors . |
Use of Proceeds: | The net proceeds, after the offering expenses estimated at SAR ( 23.50 ) million, will be distributed on a pro-rata basis to selling shareholders. The company will not receive any share of these proceeds . |
Restrictions on Dealing in Shares: | Major shareholders will be subject to a six-month lock-up period, during which they will be banned from disposing of their shares, starting from the listing date on the Saudi Exchange (Tadawul) . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 9/29/2021 |
The minimum & maximum offering price: | 1/24/2022 |
Subscription End Date: | 1/25/2022 |
Allocation Date: | 1/30/2022 |
Distribution Date: | 2/2/2022 |
Listing Date: | 2/14/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Willspun Mauritius Holding Company | 9.92 | 31.50 % | 1,339.54 |
Vision International Investment Company closed joint stock | 3.64 | 11.55 % | 491.16 |
Saleh Mohamed Hamad Al Hammadi | 3.14 | 9.98 % | 424.40 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | Salman M. Al-Sudairi Law Office - Latham & Watkins LLP |
Auditor: | Price Water House Coopers - Saudi Arabia |
Receiving Bank: | The Saudi National Bank |
IPO results
Proceeds: | SAR 810.80 million |
Subscription Percentage: | 1610% |
No. of Subscribers: | 209.45 thousand subscribers |
Allocation: | 3 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around ( 0.0173% ) on average . |
Chart - East Pipes Integrated Company For Industry
Share Performance
Last Price: | 135.00 |
Change: | (0.59) % |
Market Cap (M): | 4,252.50 |
Turnover: | 10,230,272.00 |
Transactions: | 910.00 |
Share Stats
First Day Open: | 58.64 |
First Day High: | 60.11 |
First Day Low: | 56.24 |
First Day Close: | 56.64 |
1st Day Change: | (29.20 %) |
1st Month Change: | (36.36 %) |
1st year Change: | (38.25 %) |
Since listing: | 68.75 % |
Related News
East Pipes Integrated debuts on Tadawul today Argaam Special14/02/2022
East Pipes Integrated to start trading on Tadawul on Feb. 14Argaam10/02/2022
Retail investors start subscription to East Pipes 630,000 shares today Argaam Special24/01/2022
East Pipes IPO 'Shariah-compliant': Albilad CapitalArgaam12/01/2022
East Pipes sets IPO price range at SAR 72-80/share Argaam11/01/2022
East Pipes issues prospectus to float 6.3 mln shares on Tadawul Argaam03/01/2022
East Pipes Integrated gets CMA nod to float 30% stake in IPOArgaam29/09/2021
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