Anmat Tech sees strong investor demand ahead of listing on Nomu

The Nomu IPO of Anmat Technology for Trading was nearly 3x oversubscribed by qualified investors, according to a disclosure to Tadawul. The multi-sector firm priced its IPO on Tadawul’s parallel market Nomu at SAR 9.50 per share, set to raise SAR 47.5 mn from the sale of an 11.6% stake, giving the company a market cap of SAR 408.5 mn at listing.

ADVISORS- Merchant’s Capital is quarterbacking the transaction as financial advisor, with Alinma Capital serving as lead manager on the transaction. RSM is serving as an independent auditor. Receiving agents include Al Jazira Capital, Albilad Capital, Alkhabeer Capital, and ANB Capital, among others.

ALSO IN THE PIPELINE-

• Dome International’s subscription period wrapped up yesterday;
• Naf for Feed and Industries recently issued a prospectus to float a 20% stake;
• Hawiya Auctions, Dkhoun, and Al Khaldi Logistics were the latest to price their Nomu IPOs;
• Meanwhile, Qudra for Communications and IT, the National Signage Industrial Company, medical equipment supplier Wajd, and property developer Hammad Mohammed Bin Saedan Real Estate were given the CMA’s all-clear to list on the parallel market.