{"id":96308,"date":"2025-04-23T00:00:00","date_gmt":"2025-04-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/23\/ucic-sets-ipo-price-range-ahead-of-tadawul-listing\/"},"modified":"2025-04-23T00:00:00","modified_gmt":"2025-04-23T00:00:00","slug":"ucic-sets-ipo-price-range-ahead-of-tadawul-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/23\/ucic-sets-ipo-price-range-ahead-of-tadawul-listing\/","title":{"rendered":"UCIC sets IPO price range ahead of Tadawul listing"},"content":{"rendered":"

United<\/a><\/strong>Carton Industries<\/a><\/strong> (UCIC) is guiding on an indicative price range of SAR <\/strong>47-50 per <\/strong>share for its upcoming Tadawul IPO<\/strong>, according to a statement (pdf)<\/a>. The top of the range would allow the firm to raise SAR 600 mn in proceeds and would give it a market cap of SAR 2 bn at listing, according to our calculations. The final offering price will be determined after the book-building process is completed on Monday.<\/p>\n

REFRESHER-<\/strong> UCIC is taking a 30% stake to the main market in a secondary offering, whereby selling shareholders will rake in all of the proceeds from the sale after deducting SAR 24 mn in offering-related expenses. The IPO will see three of UCIC\u2019s five substantial shareholders sell down their position to a combined 70% stake, down from 100%. Their shares will remain on lock-up for a period of six months from the first day of trading.<\/p>\n

What\u2019s next?<\/strong> Institutions will be able to submit their orders until Monday, 28 April. For retail investors, a two-day subscription window will open on Monday, 12 May, with the final allocation of shares slated for Sunday, 18 May. <\/p>\n

The size band:<\/strong> Institutional investors will have a minimum subscription limit of 100k shares and a maximum of about 1.99 mn shares each, while a retail investor can subscribe to anywhere between 10 and 400k shares.<\/p>\n

ADVISORS- <\/strong>Al Rajhi Capital is quarterbacking the transaction as lead manager, financial advisor, bookrunner, and underwriter, with Stat Law Firm providing counsel. Meanwhile, Gibson, Dunn and Crutcher Law Firm is acting as counsel for Al Rajhi Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The indicative range would allow the firm to raise up to SAR 600 mn in proceeds<\/p>\n","protected":false},"author":1,"featured_media":96309,"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":[10,29,2452,3868],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo-watch","tag-tadawul","tag-united-carton-industries-company-ucic","wpautop","entry"],"acf":{"mongo_id":"4e9d640a-4c5d-4a0b-8f9d-2234a86836e3","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1478.jpg","photo_position":"above","homepage_title":"","full_issue_title":"United Carton Industries sets IPO price range ahead of Tadawul listing","related_issue":[96301],"teaser":"The indicative range would allow the firm to raise up to SAR 600 mn in proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.52f3f42d-285b-45f3-9cba-0f0168b19f75.mp3"},"yoast_head":"\nUCIC sets IPO price range ahead of Tadawul listing - 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