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IPO Monitor | Shalfa Launches SAR 61 IPO on Nomu Market—Subscribe on Sahm starting October 20
Parallel Market Capped Index (NomuC) -0.18%
Parallel Market Capped Index (NomuC) NOMUC.SA | 23428.67 | -0.18% |
Shalfa Facilities Management Co., a prominent player in the facility management sector, is preparing to offer shares through an Initial Public Offering (IPO) on Saudi Arabia's Nomu-Parallel Market.
Qualified investors will have the opportunity to subscribe to the shares from October 20 to October 28. The company has priced its IPO at SAR 61 per share.
Earlier this year, on June 10, the Capital Market Authority (CMA) approved Shalfa’s application to float its shares on the Nomu-Parallel Market. The company's current capital stands at SAR 42 million, divided into 4.2 million shares with a nominal value of SAR 10 each. Shalfa will be offering 630,000 shares, representing 15% of its share capital.
Founded in September 2008 and based in Riyadh, Shalfa Facilities Management Co. has become a key player in the industry, offering a broad range of services. The company specializes in facility management solutions, environmental services, project management, and various related commercial activities.
Shalfa’s business activities, as detailed in its commercial registration and IPO prospectus, include the operation of wastewater treatment networks, waste collection and recycling services, hazardous waste transportation, and the operation of hazardous waste treatment and disposal facilities. Additionally, the company provides building maintenance, cleaning services, road cleaning, and other associated services, reinforcing its comprehensive facility management portfolio.
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IPO Profile
| Category | Details |
|---|---|
| Company | Shalfa Facilities Management Co. |
| Market | Nomu-Parallel Market |
| Core Activities | Facility management solutions and environmental services |
| Capital | SAR 42 million |
| Number of Shares | 4.2 million |
| Par Value | SAR 10/share |
IPO Summary
| Category | Details |
|---|---|
| Issue Percentage | 15% |
| Number of Offered Shares | 630,000 |
| Qualified Subscribers | Qualified investors |
| Offer Price | SAR 61/share |
| Minimum Number of Offer Shares to be subscribed | 10 shares |
| Maximum Number of Offer Shares to be subscribed | 209,990 shares |
Key Dates
| Date | Important Dates and Offering Procedures | Expected Timeline for the Offering |
|---|---|---|
| 20/10/2024 – 28/10/2024 | Offering Period | The offering period begins on Sunday, 17/04/1446H (corresponding to 20/10/2024G) and lasts for nine (9) business days, ending on Monday, 25/04/1446H (corresponding to 28/10/2024G). |
| 28/10/2024 | Final Date to Submit Subscription Requests | End of Monday, 25/04/1446H (corresponding to 28/10/2024G). |
| 28/10/2024 | Final Date to Pay Subscription Amount | End of Monday, 25/04/1446H (corresponding to 28/10/2024G). |
| 31/10/2024 | Announcement of Final Allocation of Offering Shares and Investor Notification | Thursday, 28/04/1446H (corresponding to 31/10/2024G). |
| 04/11/2024 | Refund of Surplus (if any) | No later than Monday, 02/05/1446H (corresponding to 04/11/2024G). |
| To be announced | Expected Date for Trading Start | Trading of the company’s shares on the Nomu Parallel Market is expected to begin after meeting all relevant requirements and completing all regulatory procedures. The start date will be announced in local newspapers and on the Saudi Exchange website (www.saudiexchange.sa). |
Note: All dates mentioned in the above timeline are approximate. The actual dates will be announced via the Saudi Exchange website (www.saudiexchange.sa), the company's website (www.shalfa.sa), and the financial advisor and subscription manager’s website (www.valuecapital.sa).
