Tanmiah Food starts IPO book-building process today

Logo of Tanmiah Food Co.

Tanmiah Food Co. will set the initial public offering (IPO) price range and start the book-building process as of today, June 27.

The book-building process will run until Thursday, July 1, prior to offering six million shares for IPO, representing 30% of the company’s SAR 200 million capital.

A total of six million shares will be allocated to the categories actively participating in the book-building process, representing 100% of the total shares of the offering.

The final allotment will be after the end of the retail investors subscription period, where the lead manager in the event of an adequate request by retail investors is entitled to reduce the number of offering shares allocated to the participants to 5.4 million shares, representing 90% of the total offering shares.

The minimum number of shares that can be subscribed to by institutional investors is 100,000 with a maximum limit of 999,999.

The company's core activity is the production and sale of fresh poultry, processing and manufacturing chicken and other meat products, manufacturing and selling animal feed, selling broiler chicks, hatching broiler eggs and animal health products, implementing integrated projects related to poultry production and greenhouses, as well as the sale of poultry and greenhouse production equipment.

For More IPOs