Home » Business » Individual subscription coverage for Shree Trading shares is 647%, allocating a minimum of 10 shares per individual

Individual subscription coverage for Shree Trading shares is 647%, allocating a minimum of 10 shares per individual

by Priya Shah – Business Editor

Shree ⁣Trading IPO Sees Massive Individual⁤ Investor Demand, Allocation Reduced

Riyadh, saudi Arabia – The initial public‌ offering (IPO) ⁤of Shree‍ Trading Company has drawn overwhelming interest from individual investors, with ‍subscription levels‌ reaching 647% of shares allocated to ⁢this category.This⁣ surge in demand has prompted a reduction in the total shares available to participating categories, now set at ​7.2‌ million shares,⁤ representing 80% of the total​ offering.

The strong demand underscores robust investor confidence⁢ in⁢ Shree Trading as⁢ it seeks to list⁣ on⁣ the Saudi stock exchange ‍(Tadawul). the company offered 9 million‍ shares,constituting 30% of its 300 million riyal capital,divided ⁣into 30 million shares with a nominal value of 10 riyals ⁣each.Individual investors subscribed ‌to 1.8 million shares at 28 riyals‍ per share – a price persistent through a book-building process – on November 12th and 13th, ⁢2025. A minimum of 10 shares will be allocated per individual investor, with final allocations based on order size relative to total demand, resulting in an average allocation factor of 9.1%.

Institutional investor demand has also been notable, ⁢with the portion of the offering allocated to institutions covered ⁣approximately 85.6 times.⁣ The reduction in shares available to ⁤participating categories reflects the high overall subscription rate and aims to ensure equitable distribution amongst investors.

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