Logo of Alamar Foods Co.
HSBC Saudi Arabia, in its capacity as the lead manager of the initial public offering (IPO) of Alamar Foods Co., announced the successful completion of the retail offering, according to a bourse filing.
Each individual subscriber received a minimum of six shares, while the remainder was allocated on a pro-rata basis, with an allocation factor of 0.7698%.
Fraction shares were collated and allocated in a descending manner at one share per order.
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IPO Details |
|
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No. of offered shares |
10.63 mln |
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No. of shares allocated to retail investors |
1.06 mln |
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No. of retail subscribers |
169.07 thousand |
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Offering price |
SAR 115 |
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Coverage ratio |
6.9x |
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Allocation |
Six shares minimum |
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Allocation of remaining shares |
On a pro rata basis at 0.7698% |
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Total value of retail applications |
SAR 847.21 mln |
Alamar floated 10.63 million shares, or 41.7% of its capital, Argaam earlier reported.
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