{"id":565416,"date":"2021-04-07T13:40:19","date_gmt":"2021-04-07T13:40:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/"},"modified":"2021-04-07T13:40:19","modified_gmt":"2021-04-07T13:40:19","slug":"retail-subscription-is-on-for-macro-group-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/","title":{"rendered":"Retail subscription is on for Macro Group IPO"},"content":{"rendered":"

<\/a> Retail investors who want shares of Macro Group's IPO on the Egyptian Exchange can <\/strong>start placing their orders as of this Sunday, 11 April<\/strong>, after the Financial Regulatory Authority (FRA) approved the company\u2019s prospectus yesterday, according to a disclosure (pdf)<\/a> to the EGX. Would-be shareholders will have until next Thursday, 15 April to get their requests in, the company said.<\/p>\n

The group is offering up to 45.8% \u2014 or some 264.5 mn shares \u2014 in a secondary sale. <\/strong>The sale includes offerings to institutional investors locally and abroad, as well as the retail offering for Egypt only.<\/p>\n

The shares have been priced between EGP 5.30-6.15 apiece<\/strong>, with the final share price set to be determined by Monday, 12 April \u2014 three days before the bookbuilding period wraps. The indicative price range values the company, pre-offering, at between EGP 3.1 bn and EGP 3.6 bn.<\/p>\n

Trading on shares is scheduled to begin on 19 April<\/strong> under ticker symbol MCRO.CA.<\/p>\n

Background:<\/strong> The company, established in 2005, has a market share of just over 23%, or about 3x its closest competitor, with some 124 cosmeceutical products and one neutraceutical; it has nearly 80 additional products ready to roll out in 1H2021. Macro sells its products over the counter, but physicians are its best allies: The company has over 550 people in its medical sales force that targets physicians and pharmacies nationwide and figures that \u201c85% of sales are estimated to be initially generated via prescription at the physician level.\u201d Despite the challenges of covid-19, Macro last year reported revenues of EGP 430.5 mn (with a 2018-2020 CAGR of 34%) and EBITDA of 187 mn (92% CAGR on the same period). The company\u2019s bottom line last year came in at 135.1 mn, good for a net margin of about 31%<\/p>\n

Advisors:<\/strong> CI Capital and Renaissance Capital are joint global coordinators and joint bookrunners. White & Case is international and (with MHR & Partners) local counsel, while Dechert LLP and Zaki Hashem & Partners are counsels to the joint global coordinators and bookrunners. Inktank is the investor relations advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Retail investors who want shares of Macro Group's IPO on the Egyptian Exchange can start placing their orders as of this Sunday, 11 April, after the Financial Regulatory Authority (FRA) approved the company\u2019s prospectus yesterday, according to a disclosure (pdf) to the EGX. Would-be shareholders will have until next Thursday, 15 April to get their […]<\/p>\n","protected":false},"author":1,"featured_media":565417,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10060],"tags":[102,136,68,633,76,78,77,1982],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-ipo-watch","tag-capital-markets","tag-ci-capital","tag-egx","tag-enterprisepm","tag-financial-regulatory-authority","tag-ipo-watch","tag-macro-group","tag-renaissance-capital","wpautop","entry"],"acf":{"mongo_id":"cfa00ffb-5877-4b7e-a2a1-a9308f162a08","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/364.jpg","photo_position":"above","related_issue":[565410],"teaser":"","voice_url":""},"yoast_head":"\nRetail subscription is on for Macro Group IPO - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail subscription is on for Macro Group IPO\" \/>\n<meta property=\"og:description\" content=\"Retail investors who want shares of Macro Group's IPO on the Egyptian Exchange can start placing their orders as of this Sunday, 11 April, after the Financial Regulatory Authority (FRA) approved the company\u2019s prospectus yesterday, according to a disclosure (pdf) to the EGX. Would-be shareholders will have until next Thursday, 15 April to get their […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T13:40:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/364.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Retail subscription is on for Macro Group IPO\",\"datePublished\":\"2021-04-07T13:40:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/\"},\"wordCount\":330,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/364.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"CI Capital\",\"EGX\",\"EnterprisePM\",\"Financial Regulatory Authority\",\"IPO watch\",\"Macro Group\",\"Renaissance Capital\"],\"articleSection\":[\"SPEED ROUND: IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/retail-subscription-is-on-for-macro-group-ipo\/\",\"name\":\"Retail subscription is on for Macro Group IPO - 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Trading on shares is scheduled to begin on 19 April under ticker symbol MCRO.CA. The\u2026","rel":"","context":"In "SPEED ROUND: IPO WATCH"","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542727,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/13\/one-step-closer-to-macros-ipo\/","url_meta":{"origin":565416,"position":1},"title":"One step closer to Macro\u2019s IPO","author":"enterpriseam admin","date":"13 January 2022","format":false,"excerpt":"Cosmeceuticals giant Macro Group\u2019s shares will be listed on the EGX today after receiving the blessing of the bourse\u2019s listing committee yesterday, according to an EGX statement (pdf) yesterday. The listing will pave the way for company\u2019s plan to offer up to 45.8% of its shares (which will trade under\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543604,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/09\/egx-executes-macro-ipo\/","url_meta":{"origin":565416,"position":2},"title":"EGX executes Macro IPO","author":"enterpriseam admin","date":"9 February 2022","format":false,"excerpt":"The EGX has executed the sale of shares to investors who subscribed to Macro Group\u2019s IPO, which saw it offer a 45.8% stake to institutional and retail investors over the past week, the bourse said yesterday. Macro raised EGP 1.3 bn in the IPO, which saw it sell 264.5 mn\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/117.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554236,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/","url_meta":{"origin":565416,"position":3},"title":"Macro Group revives IPO plans for 1Q2022","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"Cosmeceuticals giant Macro Group Pharma may make its EGX debut\u00a0in the first quarter of 2022, a source familiar with the matter told Enterprise, adding that the exact timeline for the IPO has not yet been set. The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561180,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/macro-announces-price-range-for-ipo\/","url_meta":{"origin":565416,"position":4},"title":"Macro announces price range for IPO","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"Macro Group Pharma has priced its initial public offering on the EGX at EGP 5.30-6.15 per share, according to a statement released overnight (pdf). The transaction will see 45.8% \u2014 or some 264.5 mn shares \u2014 of Egypt\u2019s largest and fastest-growing cosmeceutical company offered in a secondary sale. The indicative\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/338.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542909,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/moving-closer-to-macro-group-ghazl-el-mahalla-ipos\/","url_meta":{"origin":565416,"position":5},"title":"Moving closer to Macro Group + Ghazl El Mahalla IPOs","author":"enterpriseam admin","date":"24 January 2022","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has given Macro Group the green light to publish the public subscription notice for its upcoming IPO, according to an FRA statement (pdf) dated 20 January. The group will sell up to 264.5 mn shares \u2014 or 45.8% of the company \u2014 at a maximum\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/303.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=565416"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565416\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565417"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565416"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565416"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}