Logo ofArabian Co. for Agricultural Industrial Investments (Entaj)
Arabian Company for Agricultural Industrial Investments (Entaj) successfully completed of its retail subscription for listing on the Main Market (TASI), SNB Capital said in a statement to Tadawul. 
SNB Capital is the lead manager, financial advisor, book-runner and underwriter on the initial public offering (IPO).
As many as 499,021 retail investors subscribed to the offering at a final price of SAR 50 per share, with total retail requests of nearly SAR 1.4 billion. The IPO was 30.2x covered.
Individual investors will receive a minimum of one share each, while the remaining shares will be allocated on a pro-rata basis based on the size of each individual investor’s request compared to the total remaining subscribed shares with an average allocation factor of 1.5%.
Retail IPO Details
Shares Offered
900,000
Issue Price
SAR50
Coverage Ratio
30.2x
Total Requests
SAR 1.4 bln
Allocation
Minimum of 1 share per investor
Allocation of Remaining Shares
On pro rata basis at 1.5%
According to data available toArgaam, the company offered 34.65 million shares, or 30% of its capital, 10% of which were allocated to retail investors and 90% to institutions.
The retail offering ran through Dec. 24-25.
The participating categories IPO was 139.4x covered.
Logo ofArabian Co. for Agricultural Industrial Investments (Entaj)
Arabian Company for Agricultural Industrial Investments (Entaj) successfully completed of its retail subscription for listing on the Main Market (TASI), SNB Capital said in a statement to Tadawul.
SNB Capital is the lead manager, financial advisor, book-runner and underwriter on the initial public offering (IPO).
As many as 499,021 retail investors subscribed to the offering at a final price of SAR 50 per share, with total retail requests of nearly SAR 1.4 billion. The IPO was 30.2x covered.
Individual investors will receive a minimum of one share each, while the remaining shares will be allocated on a pro-rata basis based on the size of each individual investor’s request compared to the total remaining subscribed shares with an average allocation factor of 1.5%.
Retail IPO Details
Shares Offered
900,000
Issue Price
SAR50
Coverage Ratio
30.2x
Total Requests
SAR 1.4 bln
Allocation
Minimum of 1 share per investor
Allocation of Remaining Shares
On pro rata basis at 1.5%
According to data available toArgaam, the company offered 34.65 million shares, or 30% of its capital, 10% of which were allocated to retail investors and 90% to institutions.
The retail offering ran through Dec. 24-25.
The participating categories IPO was 139.4x covered.
