Saudi Lime’s Nomu IPO 319% oversubscribed

29/03/2023 Argaam

Saudi Lime’s Nomu IPO 319% oversubscribed

Logo of Saudi Lime Industries Co.

Alkhair Capital, the financial advisor and lead manager of the initial public offering (IPO) of Saudi Lime Industries Co. on Nomu-Parallel Market, announced that the offering was 318.9% oversubscribed, according to a statement to Tadawul today, March 29.

 

The offering price stood at SAR 17 a share, compared to the price range of SAR 15-17 per share that was unveiled on March 19.

 

Saudi Lime floated two million shares, or 9.09% of its share capital, on Nomu, in an offering that ran from March 19-23, according to Argaam's data.

 

Alkhair Capital indicated it will finalize the related measures with Saudi Tadawul Group Holding Co. (Tadawul Group) and will set the date for the stock debut on Nomu.

 

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