The initial public offering (IPO) price range for “Al Taiseer Group Talco Industrial Company” has been announced between 40 and 43 riyals per share.
Details
Talco stated that the institutional order book building period will begin from May 20th until May 23rd.
So What
Al Taiseer Group Talco Industrial Company, based in Riyadh, aims to offer 12 million shares on the Saudi main market (Tadawul), representing 30% of its capital of 400 million riyals.
Some Context
The group identifies itself as a “regional leader” in the aluminum production sector, with a market share of 23% of the total aluminum sector’s production in the Kingdom in 2022.
It owns 6 factories and exports its products to more than 26 countries.
According to its prospectus, it achieved a compound annual growth rate of 23% from 2020 to 2023. Its revenues reached 671 million riyals last year, with an approximate net profit margin of 12%.
Now What
The IPO price will be determined after the completion of the institutional order-book-building process, followed by the individual subscription process.
Individual subscriptions will start on May 28th and continue for two days.
