Logo ofAnmat Technology Trading Co.
Merchants Capital, the financial advisor for the initial public offering (IPO) of Anmat Technology for Trading Co., announced the completion of the offering of five million shares on the Nomu-Parallel Market. 
In a statement on Tadawul today, June 1, the brokerage said the offering was 285.51% oversubscribed during the subscription period from May 22-27, at SAR 9.5 a share.
The allocation process and refund of excess subscription amounts have been finalized, the brokerage added.
Merchants Capital will finalize the required procedures with Tadawul, before determining Anmat’s debut date.
According to Argaam’s data, Anmat earlier announced on May 22, floating five million shares on Nomu, at a nominal value of SAR 9.5 each.
These shares represent 13.16% of the company’s pre-IPO capital,
They make up 11.63% of the post-IPO capital.
Anmat’s capital will increase from SAR 38 million to SAR 43 million, split into 43 million shares with a nominal value of SAR 1 each.
Logo ofAnmat Technology Trading Co.
Merchants Capital, the financial advisor for the initial public offering (IPO) of Anmat Technology for Trading Co., announced the completion of the offering of five million shares on the Nomu-Parallel Market.
In a statement on Tadawul today, June 1, the brokerage said the offering was 285.51% oversubscribed during the subscription period from May 22-27, at SAR 9.5 a share.
The allocation process and refund of excess subscription amounts have been finalized, the brokerage added.
Merchants Capital will finalize the required procedures with Tadawul, before determining Anmat’s debut date.
According to Argaam’s data, Anmat earlier announced on May 22, floating five million shares on Nomu, at a nominal value of SAR 9.5 each.
These shares represent 13.16% of the company’s pre-IPO capital,
They make up 11.63% of the post-IPO capital.
Anmat’s capital will increase from SAR 38 million to SAR 43 million, split into 43 million shares with a nominal value of SAR 1 each.
