Initial Public Offering (IPO)
An Initial Public Offering or an IPO is when a company offers its shares to the general public for the first time. This is typically followed by the listing of the company’s shares on a stock exchange (for e.g., on Muscat Stock Exchange).
List of current offerings
Barka Desalination Company
Issuer
|
Barka Desalination Company SAOG
(under transformation)
|
Offering
|
30,208,800 shares |
Limits of application
|
|
Minimum
|
Maximum
|
Phase I
|
250,100 shares |
3,020,800 shares |
Phase II
|
1,000 shares |
250,000 shares |
Phases
|
Phase I
(50%)
|
15,104,400 shares (Book-building offer)
Subscription period: 30 Jan 2022 – 3 Feb 2022 |
Phase II
(50%)
|
15,104,400 shares (Fixed price offer)
Subscription details to be announced later |
Implied free float %
|
40% |
Price Range
|
Phase I
|
115 bz to 145 bz per share
(including Offer Expenses of 2 bz per Offer Share)
|
Phase II
|
To be determined after close of Phase I Offer |
Issue Manager and collection agent
|
Bank Muscat SAOG
|
FAQs:
Who is eligible to apply?
The eligibility criteria may vary for each IPO. Investors need to read and understand the prospectus available on the Capital Market Authority’s (CMA) website in detail before making an application.
What are the documents required to apply for the IPO?
-
Application form
-
ID Card (Omani Investors)
-
Passport (Expat Investors)
-
MCD Folio number
-
Power of Attorney (in case subscription is being made on behalf of another person)
-
Documentation evidencing the authority of person to submit the application (in case of juristic persons (non-individuals)
How can I apply for the IPO?
Phase I investors (large and institutional investors) may apply by contacting the issue manager or collection agents whose details are provided in the prospectus.
The Phase II investors (retail investors) can invest through the following routes:
-
Online net banking (www.bankmuscatonline.com)
-
Phone banking
-
Visiting the e-IPO website of Muscat Clearing and Depositary (https://mcd.gov.om) and create an application. This application may be submitted to the branches.
Download
IPO Prospectus
