Logo ofNice One Beauty Digital Marketing Co.
SNB Capital Co. as the Lead Manager, Financial Advisor, Book-runner and Underwriter, and together with EFG Hermes Saudi Arabia as the Joint Financial Advisors, Book-runners, and Underwriters on the initial public offering ofNice One Beauty Digital Marketing Co. announced the successful completionof its retail subscription for listing on the Main Market (TASI). 
The retail IPO which included 3.47 million shares was 7.9x covered.
In a statement to Tadawul, the company said that individual investors will receive a minimum of 8 shares 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 0.5313%.
The company said that the retail subscription,whichranfrom Dec. 24-25, saw subscription of 418,120 investors at the final offer price of SAR 35 per share, with total retail requests of nearly SAR 908 million, as illustrated in the following table:
IPO Details
No. of IPO Shares
34.65 mln
No. of Retail IPO Shares
3.47 mln
Issue Price
SAR 35
Coverage Ratio
7.9 x
Allocation
Minimum of 8 shares per investor
Allocation of Remaining Shares
On a prorate basis 0.5313%
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 ran through Dec. 24 -25.
The participating categories IPO was 139.4x covered.
Logo ofNice One Beauty Digital Marketing Co.
SNB Capital Co. as the Lead Manager, Financial Advisor, Book-runner and Underwriter, and together with EFG Hermes Saudi Arabia as the Joint Financial Advisors, Book-runners, and Underwriters on the initial public offering ofNice One Beauty Digital Marketing Co. announced the successful completionof its retail subscription for listing on the Main Market (TASI).
The retail IPO which included 3.47 million shares was 7.9x covered.
In a statement to Tadawul, the company said that individual investors will receive a minimum of 8 shares 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 0.5313%.
The company said that the retail subscription,whichranfrom Dec. 24-25, saw subscription of 418,120 investors at the final offer price of SAR 35 per share, with total retail requests of nearly SAR 908 million, as illustrated in the following table:
IPO Details
No. of IPO Shares
34.65 mln
No. of Retail IPO Shares
3.47 mln
Issue Price
SAR 35
Coverage Ratio
7.9 x
Allocation
Minimum of 8 shares per investor
Allocation of Remaining Shares
On a prorate basis 0.5313%
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 ran through Dec. 24 -25.
The participating categories IPO was 139.4x covered.
