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Middle East Business Information
 
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  Distrisoft Maroc 
Last Price   MAD  560.00    -3.11%   07Aug08
 
IPO Facts
  • Type of Offering
  • IPO
  • Status
  • Listed
  • Exchange
  • Casablanca SE
  • Sector
  • Telecoms and IT
  • Country of Incorporation
  • Morocco
  • Shares Offered
  • 110,000
  • Offer Size
  • MAD 65.45M
  • Percentage Offered
  • 33%
  • Issue Price
  • MAD 595.00
  • Total Equity Value
  • MAD 198.50M
  • Eligibility Requirements
    Open to all subscribers residing both inside or outside of Morocco:

    Type I: Employees of Distrisoft Maroc: 5,500 shares representing 5% of the total shares offered.
    Type II: Foreigners and Moroccan Applicants giving orders to less than 1,700 shares: 49,500 shares representing 45% of the total shares offered.
    Type III: Foreign and Moroccan institutions subscribing giving orders between 1,700 shares and 11,000 shares: 55,000 shares representing 50% of the total shares offered.
 
  • Additional Information
    10% of the IPO is a capital increase, while the remaining 23% will represent the shares sold by existing shareholders
 
 
Key Dates
  • Open Date
  • 11Sep06
  • Closing Date
  • 14Sep06
  • Listing Date
  • 26Sep06
 
Advisors
  • Legal Advisor
  • Cabinet Aziz Benkirane
  • Auditors
  • A.Saaidi et Associes
    DEK Audit & Conseil
  • Receiving Banks
    BMCE Bourse, BMCE Bank, Dar Tawfir, CFG Marches
 
 
News & Reports
PROSPECTUS & RESEARCH
 
STOCK PERFORMANCE
 
» Charting
Last Price 07Aug08
MAD 560.00
Change
  18.00 ( 3.11%)
Year High / Low
MAD 646.00 - 473.33
Market Cap
MAD 280.23M
 
Performance Overview
  • Over-subscription
  • 33.52 x
  • First Day Open / Close
  • 526.67 / 526.67
  • First Day High / Low
  • 526.67 / 526.67
  • 1st Day Change
  • + 32.77%
  • 1st Month Change
  • + 22.69%
  • Change Since Floatation
  • + 41.18%
 
 
Use Of Proceeds
  • -Financing the need of working capital
    -Increasing capital stock and the capacity to issue debt instruments
    -Consolidating the company?s future by bringing in institutional and public investors
    -Reinforcing transparency and performance
    -Motivating employees and partners by associating them to the company?s capital
 
 
 


 
 
 

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