Logo of Al-Tayseer Talco Industrial Group
Alinma Investment Company announced its capacity as the financial advisor, institutional bookrunner, underwriter and subscription manager for the initial public offering of the company Al Tayseer Talco Industrial Group – TalcoOn completion of the offering process for the individual segment, allocating a minimum of one share to each individual subscriber included in the subscription application.
The company added in a statement on Tadawul that coverage reached 17.4 times, and the total value of individual orders amounted to about 900.12 million riyals.
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It indicated that the remaining shares will be allocated on a pro-rata basis based on the size of each subscriber’s request to the total remaining shares required to be subscribed, with an allocation ratio of 2.5389% on a pro-rata basis.
She indicated that fractions of shares have been collected and allocated in a descending manner, starting with the highest orders, one share for each order, until they are exhausted.
The following table shows details of individual investor coverage:
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Offering details
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Number of shares offered
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12 million shares
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Number of shares allocated to individuals
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1.2 million shares
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Offer price
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43 riyals
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Coverage
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17.4 times
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Customization
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A minimum of one share per person
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Allotment of remaining shares
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On a pro rata basis of 2.5389%
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According to the data available on numbersTalco offered 12 million shares representing 30% of the company’s capital, 90% of which were allocated to the participating groups and 10% to the individual segment.
The subscription period for the individual segment began on Tuesday, May 28, 2024, and ended on Wednesday, May 29, 2024.
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