TALCO sets IPO price on TASI at SAR 43/share

27/05/2024 Argaam
Logo ofAl Taiseer Group Talco Industrial Co. (TALCO)

Logo of Al Taiseer Group Talco Industrial Co. (TALCO) 

Alinma Investment, in its capacity as financial advisor, lead manager, institutional bookrunner and underwriter, announced the successful completion of the book-building process for the initial public offering (IPO) of Al Taiseer Group Talco Industrial Co. (TALCO) on the Saudi Exchange (Tadawul).

 

The final IPO price was set at SAR 43 per share.

 

For More IPOs

 

The order book was 68.5x oversubscribed.

 

The company announced plans to float 12 million shares, or 30% of its share capital of SAR 400 million (40 million shares), on TASI at a nominal value of SAR 10 per share, data available to Argaam showed.

 

Retail investors’ subscription period will run for two days, starting May 28.

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