{"id":100457,"date":"2025-09-10T00:00:00","date_gmt":"2025-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/10\/wajd-life-nomu-ipo-oversubscribed\/"},"modified":"2025-09-10T00:00:00","modified_gmt":"2025-09-10T00:00:00","slug":"wajd-life-nomu-ipo-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/10\/wajd-life-nomu-ipo-oversubscribed\/","title":{"rendered":"Wajd Life Nomu IPO oversubscribed"},"content":{"rendered":"

<\/strong>Medical <\/strong>equipment supplier <\/strong>Wajd Life Trading Company<\/a><\/strong>\u2019s Nomu IPO was 179.34% <\/strong>covered<\/strong>, financial advisor and bookrunner Yaqeen Capital said in a Tadawul disclosure<\/a>. Orders were booked at an offering price of SAR 5.70 apiece \u2014 the highest of the indicative range<\/a> \u2014 raising SAR 14.3 mn in proceeds and giving it a market cap of SAR 71.3 mn at listing, according to our calculations.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REFRESHER:<\/strong> Wajd is taking a 20% stake<\/a> \u2014 good for 2.5 mn shares \u2014 to the parallel market in a secondary offering. The company secured approval from the Capital Market Authority in March<\/a>. The proceeds from the offering will be earmarked for financing Wajd\u2019s growth plans, including expanding its footprint, improving its operational efficiency, and bolstering its financials.<\/p>\n

What\u2019s next?<\/strong> Yaqeen Capital is set to reveal the date of the Nomu listing. Meanwhile, the final allocations are expected to come out today.<\/p>\n

ADVISORS- <\/strong>Yaqeen Capital is quarterbacking the transaction as the company\u2019s financial advisor and lead manager. Our friends at EFG Hermes KSA, along with Derayah Financial, Alinma Capital, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Alibilad Capital, AlJazira Capital, Alistithmar Capital, ANB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, Musharaka Capital, and Awaed Alosool Capital are all receiving agents.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company is set to have raised SAR 14.3 mn in proceeds, giving it a market cap of SAR 71.3 mn at listing, according to our calculations<\/p>\n","protected":false},"author":1,"featured_media":100458,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[2542],"tags":[10,2637,29,369,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo","tag-ipo-watch","tag-nomu","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"b6e18659-4b52-4bc1-bcbe-26214d09233b","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1113.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Wajd Life Nomu IPO is almost 1.8x oversubscribed","related_issue":[100450],"teaser":"The company is set to have raised SAR 14.3 mn in proceeds, giving it a market cap of SAR 71.3 mn at listing, according to our calculations","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.b2f6155c-88f9-42a6-a1f7-ba9deb5bf4da.mp3"},"yoast_head":"\nWajd Life Nomu IPO oversubscribed - 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