Logo ofConsolidated Grunenfelder Saady Holding Co. (CGS)
Consolidated Grunenfelder Saady Holding Co.’s (CGS) retail IPO subscription on the Main Market (TASI) has successfully ended, lead manager, financial advisor, underwriter, and joint bookrunner AlJazira Capital announced in a Tadawul statement today, Dec. 1. 
During the subscription period, retail investors covered 70.9% of the 6 million shares allocated to them, representing 20% of the total offered shares.
All shares subscribed by retail investors have been fully allotted, with no resulting surplus, the company added.
According to Argaam data, CGS offered 30 million shares for public subscription, accounting for 30% of its share capital. Of these, 20% were allocated to the retail tranche, while 80% were designated for institutional investors.
The institutional tranche was approximately 61.6x covered.
A total of 30 million offering shares were initially allocated to participating institutional parties, representing 100% of the offer size, with final allocation set to follow the completion of the retail subscription period.
Since the retail tranche was not fully covered, the remaining shares will be reallocated to participating institutional investors.
Logo ofConsolidated Grunenfelder Saady Holding Co. (CGS)
Consolidated Grunenfelder Saady Holding Co.’s (CGS) retail IPO subscription on the Main Market (TASI) has successfully ended, lead manager, financial advisor, underwriter, and joint bookrunner AlJazira Capital announced in a Tadawul statement today, Dec. 1.
During the subscription period, retail investors covered 70.9% of the 6 million shares allocated to them, representing 20% of the total offered shares.
All shares subscribed by retail investors have been fully allotted, with no resulting surplus, the company added.
According to Argaam data, CGS offered 30 million shares for public subscription, accounting for 30% of its share capital. Of these, 20% were allocated to the retail tranche, while 80% were designated for institutional investors.
The institutional tranche was approximately 61.6x covered.
A total of 30 million offering shares were initially allocated to participating institutional parties, representing 100% of the offer size, with final allocation set to follow the completion of the retail subscription period.
Since the retail tranche was not fully covered, the remaining shares will be reallocated to participating institutional investors.
