Init​ial 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 appli​cation

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:

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​​​​​​​​​​​


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