Saudi Aramco allocated on Thursday up to 1,500 shares to each retail subscriber in its initial public offering (IPO), a full allocation ratio to 97.5% of total subscribers, or 97.5% of total subscribers, Samba Capital & Investment Management Co., the IPO lead manager, said in a statement.
The remaining shares will be allotted pro-rata based at a ratio of 10.941%.
The excess subscription amount will be refunded from Dec. 6 to Dec. 12.
A total of 5.06 million retail investors subscribed to 1.54 billion shares at a total value of SAR 49.19 billion. The retail IPO was 153.7% oversubscribed.
The IPO lead manager added that 1.4% of investors submitted bids through phone banking, 36.1% through ATMs, 28.4% through internet banking and 34.1% through bank branches.
|
No. of subscribed shares per each retail subscriber |
No. of allocated shares minimum |
No. of additional shares required |
No. of shares allocated pro rate |
Total allocated shares |
Actual allocation ratio to requested shares |
|
100 |
100 |
- |
- |
100 |
100.00% |
|
500 |
500 |
- |
- |
500 |
100.00% |
|
1,000 |
1,000 |
- |
- |
1,000 |
100.00% |
|
1,500 |
1,500 |
- |
- |
1,500 |
100.00% |
|
2,000 |
1,500 |
500 |
55 |
1,555 |
77.74% |
|
2,500 |
1,500 |
1,000 |
109 |
1,609 |
64.38% |
|
3,000 |
1,500 |
1,500 |
164 |
1,664 |
55.47% |
|
3,500 |
1,500 |
2,000 |
219 |
1,719 |
49.11% |
|
4,000 |
1,500 |
2,500 |
274 |
1,774 |
44.34% |
|
4,500 |
1,500 |
3,000 |
328 |
1,828 |
40.63% |
|
5,000 |
1,500 |
3,500 |
383 |
1,883 |
37.66% |
|
100,000 |
1,500 |
98,500 |
10,777 |
12,277 |
12.28% |
|
1,000,000 |
1,500 |
998,500 |
109,248 |
110,748 |
11.07% |
|
10,000,000 |
1,500 |
9,998,500 |
1,093,959 |
1,095,459 |
10.95% |
|
Number of Saudi subscribers |
4,947,275 |
|
Number of GCC subscribers |
2,467 |
|
Number of resident subscribers |
106,258 |
|
Subscriber Age Categories: |
|
|
Up to 16 years |
19,314 |
|
From 17-30 years |
743,727 |
|
From 31-45 years |
2,323,607 |
|
From 46-65 years |
1,700,184 |
|
Over 65 years |
269,168 |
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