{"id":88101,"date":"2024-07-24T00:00:00","date_gmt":"2024-07-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/24\/asg-plastic-factory-says-it-will-price-nomu-ipo-at-sar-40-44-per-share\/"},"modified":"2024-07-24T00:00:00","modified_gmt":"2024-07-24T00:00:00","slug":"asg-plastic-factory-says-it-will-price-nomu-ipo-at-sar-40-44-per-share","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/24\/asg-plastic-factory-says-it-will-price-nomu-ipo-at-sar-40-44-per-share\/","title":{"rendered":"ASG Plastic Factory says it will price Nomu IPO at SAR 40-44 per share"},"content":{"rendered":"

ASG Plastic Factory will price shares in its Nomu IPO somewhere in the SAR 40-44 <\/strong>range<\/strong>, its financial advisor and lead manager Yaqeen Capital said in a statement to Tadawul<\/a> yesterday. The plastics maker is planning to take a 10.6% stake<\/a> to Tadawul's parallel market.<\/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

Market cap + proceeds:<\/strong> The pricing gives the company a post-listing market cap of up to SAR 310 mn and could see it take up to SAR 33 mn in proceeds by our math.<\/p>\n

Use of proceeds:<\/strong> ASG plans to use the proceeds \u2014 after deducting SAR 3 mn in offering fees \u2014 to support growth. The plan sees the company raising its current production capacity by 50% with further increases planned in the coming years, it said. <\/p>\n

What\u2019s next? <\/strong>Qualified investors will start placing orders on Sunday, 28 July, until Monday, 5 August, for a minimum of 10 shares and a maximum of 352k shares each. The final allocation of shares will take place on Sunday, 11 August. <\/p>\n

ADVISORS-<\/strong> Yaqeen Capital is serving as the financial advisor and lead manager, while Al Rajhi Capital, Riyad Capital, Alinma Investment, AlJazira Capital, SAB Invest, Derayah Financial, BSF Capital, SNB Capital, Alistithmar Capital, Albilad Capital, ANB Capital are all receiving agents.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering could see it book up to SAR 33 mn in proceeds<\/p>\n","protected":false},"author":1,"featured_media":88102,"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":[1486,2419,10,29,369,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-asg-plastic-factory","tag-capital-markets","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"b2a49633-2c51-4ab2-a8fd-8759e9c07f5a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1919.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ASG Plastic Factory kicks off the bookbuilding process for its Nomu IPO next week, guiding on a price of SAR 40-44 a piece","related_issue":[88094],"teaser":"The offering could see it book up to SAR 33 mn in proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.fa4fa12f-8d45-4c98-933d-04130e0262ae.mp3"},"yoast_head":"\nASG Plastic Factory says it will price Nomu IPO at SAR 40-44 per share - 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