Shalfa IPO on Nomu 1,745.2% covered

30/10/2024 Argaam
Logo ofShalfa Facilities Management Co.

Logo of Shalfa Facilities Management Co.

Value Capital, financial advisor and lead manager for the initial public offering (IPO) of Shalfa Facilities Management Co. on the Nomu-Parallel Market, said the offering was completed, with a coverage ratio of 1,745.24%, according to Tadawul website.

 

The IPO ran from Oct. 20-28, 2024.

 

Value Capital will finalize the required procedures with the Saudi Exchange and then determine the listing date.

 

For More IPOs

 

The company floated 630,000 shares, or 15% of its SAR 42 million capital, divided into 42 million shares at a par value of SAR 10 each, according to data available with Argaam.

 

The offering price was set at SAR 61 a share.

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