Lavenco Aluminum Systems priced its Nomu IPO at SAR 48 per share, according to abourse filing. The final offer price should see it rake in SAR 14.4 mn in IPO proceeds, according to our calculations, implying a market cap of SAR 72 mn at listing.

What’s next: Qualified investors can subscribe for a minimum of 10 shares and a maximum of 75k shares each during a five-working-day subscription window from 12 to 18 November. Final share allocation will be announced on 23 November.

REFERSHER- The company is floating 300k newly-issued shares on Tadawul’s parallel market — good for a 20% stake of its post-IPO capital — with proceeds earmarked for expansion after securing regulatory approval for the move back in June. The IPO stands out as one of the few pure primary issuances on the parallel market, where proceeds go entirely to the company rather than selling shareholders.

ADVISORS- The company tapped Amwal Financial as the financial advisor and Derayah Financial as the lead manager and bookrunner. Receiving agents include Alinma Investment, Alrajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, Aljazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, Musharaka Capital, EFG Hermes, and Awaed Alosool Capital.

ALSO IN THE NOMU PIPELINE- The CMA approved Afaq Al Arabiya for Transportation andStorage and Qudra for Communications and IT to list on Nomu in March, though the approvals have likely expired, as they are valid for only six months. Alwazn Almithaly for Trading secured its CMA greenlight in June, giving the company until year-end to publish its prospectus and proceed with the offering.

Ongoing floats: Riyadh-based Abdulaziz Al Twijri Trading Company is offering a 20% stake, or 1 mn shares, on the parallel market, according to its prospectus. Sahat Almajd, the brand operator behind Jadeel, Spark, Susam, and Hanoverian, set its IPO price at SAR 7.0 a share, according to a bourse disclosure.

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