In case the IPO is not fully subscribed, the founders have the right to cover the remaining shares three days after the end of the subscription period; or have the subscription period prolonged.
In case the IPO is oversubscribed, shares will be allocated as follows:
-2,250,000 shares will be allocated equally among subscribers, with a ceiling of 250 shares per subscriber.
-The remaining 4,000,000 shares will be allocated on a pro-rata basis among subscribers.
The capital raised by the founders and new shareholders will be used as follow:
-JOD 23.82 million to open restaurant branches and obtain franchises from global restaurant chains.
-JOD 1.18 million to cover offering costs and operating expenses and finance future investments.