{"id":96721,"date":"2025-05-06T00:00:00","date_gmt":"2025-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/06\/united-carton-industries-ipo-rakes-in-over-sar-75-bn-in-orders\/"},"modified":"2025-05-06T00:00:00","modified_gmt":"2025-05-06T00:00:00","slug":"united-carton-industries-ipo-rakes-in-over-sar-75-bn-in-orders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/06\/united-carton-industries-ipo-rakes-in-over-sar-75-bn-in-orders\/","title":{"rendered":"United Carton Industries\u2019 IPO rakes in over SAR 75 bn in orders"},"content":{"rendered":"

UCIC IPO orders exceed SAR 75 bn: <\/strong>Packaging manufacturer United Carton Industries Company (UCIC) set its final offer price for its Tadawul IPO at SAR 50 apiece, the top of the previously announced guidance range, according to a press release (pdf)<\/a>. Strong demand from institutional investors saw the book-building process close with orders totalling around SAR 75.8 bn (USD 20.2 bn), making the offering over 126 times oversubscribed. <\/p>\n

Proceeds + market cap:<\/strong> The pricing sees the offering raising approximately SAR 600 mn, based on our calculations. (calculated from 12 million shares at SAR 50 each) in proceeds for the selling shareholders. The company\u2019s market cap will stand at SAR 2 bn upon listing.<\/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> A two-day retail subscription period is due to kick off on Monday, 12 May. Retail investors will be allowed to subscribe to up to 2.4 mn shares, representing 20% of the total offering. The final allocation is slated for Sunday, 18 May. <\/p>\n

ADVISORS-<\/strong> Al Rajhi Capital is quarterbacking the transaction as lead manager, financial advisor, bookrunner, and underwriter. Receiving agents include<\/strong> Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, Albilad Investment Company, Aljazira Capital, Alistithmar Capital, Derayah Financial, Alinma Capital, ANB Capital, Yaqeen Capita, Alkhabeer Financial Company, Al Awal Investment, Sahm Capital Financial Company, and GIB Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering was over 126 times oversubscribed.<\/p>\n","protected":false},"author":1,"featured_media":96722,"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":[93,10,29],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-aviation","tag-enterpriseam-ksa","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"50e68d3f-06ff-4d3c-9203-3f30efa98a87","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/965.jpg","photo_position":"above","homepage_title":"","full_issue_title":"United Carton Industries\u2019 IPO rakes in over SAR 75 bn in orders","related_issue":[96709],"teaser":"The offering was over 126 times oversubscribed.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.27c9d888-77ca-4838-a3de-7cc9a4cda1cf.mp3"},"yoast_head":"\nUnited Carton Industries\u2019 IPO rakes in over SAR 75 bn in orders - 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