Cairo – Mubasher: Arabian Food Industries Co. (Domty) said it would commence taking orders for its Initial Public Offering (IPO) on the Egyptian Exchange starting from 6 to 17 March 2016.
Egypt-based dairy producer aims to float 49% stake on Egypt’s bourse.
Domty’s IPO would be issued at a maximum price of EGP11.38 per share, minimum subscription of 100 shares and a maximum of 100,000 shares.
The investors interested in joining the IPO are required to deposit 25% of the value of their buying orders, said the company.
The indicative price range for the Offering Price has been set at EGP 8.8 and EGP 9.2 per share and the final one may be revised upward or downward from this indicative range.
