Ataa Educational kicks off retail offering today

Ataa Educational Co. has issued a prospectus for its retail offering, which runs from July 14 until July 18.

The company will float 1.20 million shares, or 10 percent of the offering size to retail investors.

If individual investors have not fully subscribed to the offered shares, the bookrunner has the right to scale back the number of allotted shares in proportion with the subscribed ones.

Retail investors are allowed to subscribe to a minimum of ten shares and a maximum of 250,000 shares.

The final allotment process and surplus refund will be announced before July 25, according to the company’s prospectus.

Ataa’s institutional offering was 202 percent oversubscribed, Argaam earlier reported.