TALCO issues prospectus to float 12M shares on TASI

16/05/2024 Argaam
Logo ofAl Taiseer Group Talco Industrial Co. (TALCO

Logo of Al Taiseer Group Talco Industrial Co. (TALCO)


Al Taiseer Group Talco Industrial Co. (TALCO) published the prospectus for offering 12 million shares on the Saudi Exchange (Tadawul).

 

The company plans to float 12 million shares, or 30% of the company’s capital of SAR 400 million, divided into 40 million shares, at SAR 10 par value per share.

 

For More IPOs

 

In December 2023, the Capital Market Authority (CMA) approved TALCO application to list on the Main Market (TASI).

 

The registration and book-building period will run for three days from May 20-23, 2024.

 

Retail investor share sale will be held from May 28-29, 2024.

 

Qualified Subscribers

 

Participating parties: Those who are qualified to participate in the book-building process include investment funds, foreign companies and institutions, investors from GCC companies, and other foreign investors by virtue of swap agreements. Initially, all offered shares (100%) are allocated to this category. If there is sufficient demand from retail investors, the number of shares for participating parties will be reduced to 10.8 million shares, or 90% of total offered shares.

 

Individual investors: Saudi nationals, non-Saudi natural persons resident in the Kingdom, nationals of GCC states who have a bank account with one of the receiving entities. The category was allocated 1.2 million shares, or 10% of the total offering.

 

TALCO, a closed Saudi joint stock company, was established in 2009, and headquartered in Riyadh.

 

The company’s current activities are represented in aluminum, powder coating products, accessory products, as well as manufacturing and marketing.

 

Company Profile

Company

Altaiseer Group Talco Industrial Co.

Market

TASI

Core Activities

Aluminum

Capital 

SAR 400 mln

Number of Shares

40 mln

Share Par Value

SAR 10

 

IPO Summary

Issue Percentage

30%

Number of Shares Offered

12 mln

Qualified Subscribers

Participating institutions and individuals

IPO Minimum Limit for Retail Investors

10 shares

IPO Minimum Limit for Institutional Investors

50,000 shares

IPO Maximum Limit for Retail Investors

250,000 shares

IPO Maximum Limit for Institutional Investors

2 mln shares

Institutional Offer Period and Book Building

May 20-23, 2024

Retail Offering

May 28-29, 2024

Final Allocation

June 2, 2024

Refund (if any)

June 2, 2024

 

Additional Information

Financial Advisor, Lead Manager, Book-Runner, and Underwriter

Alinma Investment

Receiving Banks

Al Rajhi Bank, Alinma Bank, Riyad Bank

 

Major Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(mln)

Ownership

(%)

Number of Shares

(mln)

Ownership

(%)

Mansour Kamel Ibrahim Al-Fattouh Al-Blwi

7.68

19.21%

5.38

13.45%

Nasser Kamel Ibrahim Al- Fattouh  Al-Blwi

6.73

16.83%

4.71

11.78%

Elham Mahmoud Obaid Ibrahim

4.49

11.24%

3.15

7.87%

Dalal Kamel Ibrahim Al- Fattouh Al-Blwi

3.34

8.34%

2.34

5.84%

Manal Kamel Ibrahim Al- Fattouh Al-Blwi

3.34

8.34%

2.34

5.84%

Nawaf Khaled Kamel Al- Fattouh Al-Blwi

2.94

7.36%

2.06

5.15%

Abdulaziz Khaled Kamel Al- Fattouh Al-Blwi

2.94

7.36%

2.06

5.15%

Amal Kamel Ibrahim Al- Fattouh Al-Blwi

2.86

7.15%

2.00

5.01%

Shatha Muwaffaq Kamel Al- Fattouh  Al-Blwi

2.86

7.15%

2.00

5.01%

Khadraa Rashid Harbi Al Fattouh

0.95

2.38%

0.67

1.67%

Basmah Hussain Salem Al Fattouh  Al-Blwi

0.84

2.10%

0.59

1.47%

Ibrahim Abdulaziz Kamel Al Fattouh  Al-Blwi

0.25

0.63%

0.18

0.44%

Muhammad Abdulaziz Kamel Al Fattouh  Al-Blwi

0.25

0.63%

0.18

0.44%

Faris Abdulaziz Kamel Al Fattouh  Al-Blwi

0.25

0.63%

0.18

0.44%

Fatima Ali Hassan Al Fattouh

0.13

0.32%

0.09

0.22%

Reem Abdulaziz Kamel Al Fattouh  Al-Blwi

0.13

0.32%

0.09

0.22%

Public

--

--

12.0

30 %

Total

40.0

100 %

40.0

100 %

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