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Tue, 02 Dec 2008 | 20:58 GMT
 
  Astra Industrial Group 
Last Price   SAR  19.25    -7.00%   02Dec08
 
IPO Facts
  • Type of Offering
  • IPO
  • Status
  • Listed
  • Exchange
  • Saudi SE
  • Sector
  • Conglomerates
  • Country of Incorporation
  • Saudi Arabia
  • Shares Offered
  • 22,235,294
  • Offer Size
  • SAR 933.88M
  • Percentage Offered
  • 30%
  • Issue Price
  • SAR 42.00
  • Total Equity Value
  • SAR 3,112.94M
  • Minimum Subscription
  • Retail Investors: 10 Shares

    Institutional Investors: 100,000 Shares
  • Maximum Subscription
  • Retail Investors: 500,000 Shares
  • Eligibility Requirements
    Saudi nationals only
 
  • Additional Information
    Share price: SAR 42; SAR 10 Par Value + SAR 32 Premium

    The offering consists of 11,117,647 new Shares and 11,117,647 existing Shares and is divided into two tranches:
    -Tranche A: Institutional Investors: 15,564,706 Shares or 70% of the offering.
    -Tranche B: Retail Investors: 6,670,588 Shares or 30% of the offering.

    The Lead Manager has reduced the number of shares allocated to Institutional Investors to 30% of the Offering as a result of the number of subscribers for the retail tranche exceeding 667,059 subscribers. The equity offered to Retail Investors has been increased to 70% of the Offering.

    A minimum of 10 Shares will be distributed to subscribers. The remaining shares will be allocated on a pro-rata basis.

    In case the number of subscribers exceeds 667,058 subscribers, shares will be allocated equally among them.
 
 
Key Dates
  • Open Date
  • 26Jul08
  • Closing Date
  • 04Aug08
  • Allocation Date
  • 10Aug08
  • Distribution Date
  • 10Aug08
  • Listing Date
  • 18Aug08
 
Advisors
  • Legal Advisor
  • Al Salim and Al Ouwaji for Legal Advising
 B Indicates that this advisor is a book runner
  • Receiving Banks
    Samba Financial Group, Arab National Bank, Al Rajhi Bank, Banque Saudi Fransi, Riyad Bank, SABB
 
 
STOCK PERFORMANCE
 
» Charting
Last Price 02Dec08
SAR 19.25
Change
  1.45 ( 7.00%)
Year High / Low
SAR 47.00 - 19.25
Market Cap
SAR 1,426.76M
 
Performance Overview
  • Over-subscription
  • 3.25 x
  • First Day Open / Close
  • 47.00 / 47.00
  • First Day High / Low
  • 48.50 / 46.00
  • 1st Day Change
  • + 11.91%
  • 1st Month Change
  • -21.91%
  • Change Since Floatation
  • -54.17%
 
 
Use Of Proceeds
  • -SAR 466.94 million or 50% of the offering will go directly to the selling shareholders.
    -SAR 466.94 million or 50% of the offering will be used to finance acquisitions and invest and develop projects.
 
 
 
 
 
 
 

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