{"id":90496,"date":"2024-10-14T00:00:00","date_gmt":"2024-10-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/"},"modified":"2024-10-14T00:00:00","modified_gmt":"2024-10-14T00:00:00","slug":"purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/","title":{"rendered":"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share"},"content":{"rendered":"

Naqawa <\/strong>for Information Technology (Purity Tech) is guiding on a price range <\/strong>of SAR 6.0-8.0 per share for <\/strong>its <\/strong>offering on <\/strong>Tadawul\u2019s parallel market Nomu<\/a><\/strong>, according to a filing to Tadawul<\/a>. The company is set to put a 20% stake of its capital at listing (15 mn shares) up for grabs by qualified investors. Purity Tech\u2019s current issued capital is at 12 mn shares. <\/p>\n

Proceeds + market cap:<\/strong> At the top of the range, the tech company could raise SAR 24 mn in IPO proceeds, with a market cap of SAR 120 mn at listing, according to Enterprise calculations. Purity will allocate SAR 2.4 mn to cover costs related to the offering, according to the prospectus (pdf)<\/a>. Purity tech plans to use the proceeds to fuel its expansion plan. Major shareholders are restricted from executing orders on their shares for twelve months from the first day of trading.<\/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

Timeline: <\/strong>Each investor can subscribe to a minimum of 100 shares, and a maximum of 750k shares starting on Wednesday, 16 October, until Tuesday, 22 October. Final allocations will take place on Sunday, 27 October, with refunds set for Tuesday, 29 October. <\/p>\n

Latest earnings<\/strong>: The IT company\u2019s net income increased 156% y-o-y to SAR 5.5 mn for the year ending in June 2023, while revenues were up 46.5% y-o-y to SAR 63.1 mn, according to the company\u2019s audited financials. <\/p>\n

About Purity Tech:<\/strong> The Riyadh-based IT company offers a wide range of services including custom software design, web hosting, managed and cloud services, while also investing in venture capital. The outfit also specializes in the sale and maintenance of computer hardware, with partners including Dell Technologies, Microsoft, Oracle and Amazon AWS, according to its webpage<\/a>.<\/p>\n

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

The tech company could raise up to SAR 24 mn in IPO proceeds<\/p>\n","protected":false},"author":1,"featured_media":90497,"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":[10,29,369,3162,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","tag-purity-tech","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"cf7a820e-6b71-4ea4-86cb-15d75245459d","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1386.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Purity Tech sets price range of SAR 6.0-8.0 a share for its IPO on Nomu","related_issue":[90485],"teaser":"The tech company could raise up to SAR 24 mn in IPO proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.1f291d58-eb81-45e6-a91f-6ea57ea64b9a.mp3"},"yoast_head":"\nPurity Tech sets price range for IPO at SAR 6.0-8.0 per share - KSA<\/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\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share\" \/>\n<meta property=\"og:description\" content=\"The tech company could raise up to SAR 24 mn in IPO proceeds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.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\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share\",\"datePublished\":\"2024-10-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"IPO watch\",\"Nomu\",\"Purity Tech\",\"Tadawul\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\",\"name\":\"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-10-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/","og_locale":"en_US","og_type":"article","og_title":"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share","og_description":"The tech company could raise up to SAR 24 mn in IPO proceeds","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/","og_site_name":"KSA","article_published_time":"2024-10-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share","datePublished":"2024-10-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/"},"wordCount":344,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM KSA","IPO watch","Nomu","Purity Tech","Tadawul"],"articleSection":["IPO WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/","name":"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1","datePublished":"2024-10-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/purity-tech-sets-price-range-for-ipo-at-sar-6-0-8-0-per-share\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Purity Tech sets price range for IPO at SAR 6.0-8.0 per share"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/90496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=90496"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/90496\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/90485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/90497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=90496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=90496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=90496"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=90496"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}