Riyadh - Mubasher: Scientific and Medical Equipment House Company (SMEH) has determined the final price for the initial public offering (IPO) at SAR 52 per share.
The company has completed the book-building process for the participating parties tranche, with a coverage of around 65 times of the total offer shares, according to a bourse filing on Sunday.
The company will allocate a maximum of 600,000 offer shares, accounting for 10% of the total offer shares, to the individual investors in the subscription process, set to start on 31 January and end on 3 February.
It is noteworthy to mention that in November 2021, the Capital Market Authority (CMA) approved the IPO of SMEH to list 6 million shares, representing 30% of its capital.
