Alistithmar Capital announces completion of Scientific and Medical Equipment retail subscription

Scientific and Medical Equipment House Co. Logo

Alistithmar Capital, the financial advisor, lead manager, underwriter and book runner of the initial public offering (IPO) of Scientific and Medical Equipment House Co., announced the successful completion of the retail offering.

Each retail subscriber will receive a minimum of one share, while the remaining shares will be allocated on a pro-rata basis based on demand size to the remaining demand with an allocation factor of 0.6896%.

Fraction shares were collated and allocated one share per application starting from the highest order in descending order.

The company offered six million shares, representing 30% of the company’s capital, which was allocated 90% to institutional investors and 10% to retail investors.

The subscription period for retail investors tranche, comprising 600,000 shares, representing 10% of the total offering at a final offer price of SAR 52 per share, commenced on Jan. 31, 2022, and ended on Feb. 3 2022.

Details of retail investor tranche:

Number of retail subscribers: 462,198

Number of shares offered to retail subscribers: 600,000

Final offer price: SAR 52/share

Retail tranche coverage: 34x

Total amount of retail subscriptions: SAR 1.06 billion

Minimum allocation to retail investors: 1 share

Average allocation factor of remaining retail shares: 0.6896%

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