Lamasat sets Nomu IPO price range at SAR 5.25-5.75/shr

04:22 PM (Mecca time) Argaam
Logo ofLamasat Co.

Logo of Lamasat Co.

The price range of Lamasat Co.’s planned initial public offering (IPO) on the Nomu-Parallel Market has been set between SAR 5.25-5.75 per share, according to Yaqeen Capital, the financial advisor and lead manager of the potential IPO.

 

The book-building process for qualified investors will run from Jan. 20-27, the company said in a statement on Tadawul today, Jan. 15.

 

For More IPOs

 

According to data available with Argaam, the company intends to list six million shares on Nomu. The offered shares represent 8% of its pre-IPO capital of SAR 75 million, divided into 75 million shares at SAR 1 per share.

 

Lamasat was established as a limited liability company in Madinah in 2006. Its current actual activity is to provide women's beauty services, sell cosmetics goods and products online, as well as offer personal care, photography, and montage services.

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