The Clap
On Sunday, qualified investors began subscribing to 288,000 shares of Nofoth Food, around 12% of the company’s capital, to be listed on the parallel market (Nomu).
What
Nofoth Food reported that the price range for its potential offering has been set between SAR 135 – SAR 150 per share.
The subscription period for qualified investors in the offering will last for 5 days, ending on Thursday, December 22nd.
So What
Nofoth’s current capital is SAR 24mn, divided into 2.4 million shares.
Its IPO is the eighteenth IPO in “Nomu” since the beginning of this year.
Now What
The company indicated that 288,000 ordinary shares, representing 100% of the total offering shares, will be allocated to qualified investors.
The minimum number of shares that can be subscribed to by each qualified investor will be 10 shares, while the maximum number will be 119.99 thousand shares.
