Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » EGX 🔔 » Ghazl El-Mahalla IPO subscription starts next Sunday ⚽

Ghazl El-Mahalla IPO subscription starts next Sunday ⚽

by Ziad Amin
June 8, 2022

The Clap
Public subscription for Ghazl El-Mahalla IPO will begin Sunday 12 June, 2022, until 1 July, 2022.

Private placement
The private placemenet amounting to EGP 37 million has already been compeleted. Misr Insurance led the placement with EGP 15 million.

Public offering
The public offering’s size stands at EGP 98 million. Investors will be able to subscribe for a price of EGP 1/share + EGP 0.02 in issuance fees. The minimum subscription amount is 1,000 shares and the maximum is 2 million shares.

In the event that demand matches or exceeds the quantity offered, the public offering shall be divided into two tranches:

The first tranche: Completely fulfill subscriptions up to 25,000 shares per subscriber.

The second tranche: After completing the first tranche, the remaining quantity will be allocated to orders exceeding 25 thousand shares per subscriber.

It’s worth noting that this offering does not include a stablization fund.

Where will the proceeds from the offering go?
The offering is a 100% primary offering, meaning the amount will be injected in the company for future growth plans. The proceeds from the offering will be directed to 1) Developing the main stadium and the systems inside the stadium 2) Developing the youth sector stadiums and training grounds 3) Developing the broadcasting platform.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

EGX 🔔

20+ new companies on the EGX in 2023?

by Shams Abbas
February 2, 2023
IPO Watch 👀

CI Capital & EFG Hermes enter race to advise on upcoming IPO

by Shams Abbas
January 31, 2023
IPO Watch 👀

I-Check eyes 2024 EGX IPO

by Shams Abbas
January 30, 2023
EGX 🔔

EGX30 reaches its highest level in five years

by Shams Abbas
January 30, 2023
EGX 🔔

EGX30 sees new joiners & departers

by Shams Abbas
January 30, 2023
EGX 🔔

CI Capital plans to co-establish new equity fund

by Shams Abbas
January 23, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)