Financial advisor and lead manager Aljazira Capital today started receiving subscriptions for Public Warehousing Co.’s initial public offering (IPO) on the Nomu Parallel Market.
Subscription runs for 10 days until Oct. 15, confined to qualified investors.
The company plans to offer 1.29 million shares, or 30 percent of capital, which will increase its total shares to 4.29 million shares at a set price of SAR 10 per share.
According to the company’s prospectus, the minimum share limit is set at 500 shares while the maximum is 214,299 shares. Allotment date is Thursday, Oct. 19.
Public Warehousing works in setting up and managing warehouses close to main ports, airports and highways.
Mansour Abdulaziz Al Subaie is one of the company’s major stakeholders.
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Company Profile |
|
|
Company |
Public Warehousing Co. |
|
Company’s core business |
Setting up and managing warehouses close to main ports, airports and highways |
|
Company’s status |
Active |
|
Company’s capital before IPO |
SAR 30 mln |
|
Company’s capital after IPO |
SAR 42.86 mln |
|
IPO Details |
|
|
IPO Percentage |
30% |
|
Number of IPO shares |
1.29 mln shares |
|
Issuance price |
Within a price range of SAR 53-63 /share |
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Subscribers |
Nomu qualified investors |
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Minimum subscription |
500 shares |
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Maximum subscription limit |
214,299 shares |
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Subscription date |
From Oct. 2 until Oct. 15, 2017 |
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Additional Details |
|
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Financial advisor & lead manager |
Aljazira Capital |
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Use of IPO proceeds |
To finance future projects |
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Major Shareholders |
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Shareholder |
Number of shares before (thousand) |
Stake before IPO |
Number of shares after (thousand) |
Stake after IPO |
|
Mansour Abdulaziz Al Subaie |
1,500 |
50.0% |
1,500 |
35.0 % |
|
Dalal Khaled Al Subaie |
300 |
10.0% |
300 |
7.0 % |
|
Abdulaziz Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Mishari Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Ahmed Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Fajr Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Hessa Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Mounira Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Fawaz Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Ward Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
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Public |
-- |
-- |
1,286 |
30% |
|
Total |
3,000 |
100.0% |
4,286 |
100.0% |
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