Technology tamfitronics
Logo of Rasan Info Technology Co.
Rasan Info Technology Co. published the prospectus for providing 22.74 million shares, or 30% of the firm’s put up-IPO portion capital (32.3% of pre-IPO capital), on the Saudi Trade (Tadawul) for a nominal designate of SAR 1 per portion.
In March, the Capital Market Authority (CMA) common Rasan’s application to checklist on the Critical Market (TASI).
The duration for registering requests and guide building duration will bustle for 5 days from Can also honest 12-16, 2024.
The portion sale for retail investors will bustle from Can also honest 29-30, 2024.
Rasan was established in 2016. It operates in files expertise sector.
The community’s exact actions are represented in providing a different of products and platforms to retaill purchasers, company purchasers, and SMEs at some stage within the financial expertise (fintech) sector.
The community’s enterprise involves four critical sectors: the auto insurance protection sector, medical insurance protection sector, the leasing sector and the salvage auction sector, to boot to R solutions.
The firm has 5 subsidiaries: Awal Mazawda Info Technology Company Restricted, Tameeni Electronic Insurance Brokerage Company Restricted, Trisa Company Restricted, Rasan Computer Systems Make Company Restricted, and Rasan Company Restricted.
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Company Profile |
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Company |
Rasan Info Technology Co. |
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Market |
ONE |
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Core Actions |
Monetary expertise (Fintech) |
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Capital |
SAR 70.5 million |
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Capital after IPO |
SAR 75.8 million |
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Preference of shares after IPO |
75.8 mln shares |
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Par Payment |
SAR 1 |
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IPO Summary |
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Narrate Share |
30% of capital (32.3% of pre-IPO capital) |
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Preference of Shares Offered |
22.74 mln shares |
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Qualified Subscribers |
Collaborating Parties, Retail Investors |
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IPO Minimal Restrict for Retail Investors |
10 shares |
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IPO Minimal Restrict for Institutional Investors |
100,000 shares |
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IPO Maximum Restrict for Retail Investors |
100,000 shares |
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IPO Maximum Restrict for Institutional Investors |
3.Seventy nine mln shares |
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Institutional Provide Period and Book Building |
Five days from Can also honest 12-19, 2024. |
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Retail Offering |
Two days from Can also honest 29-30, 2024. |
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Last Allocation |
June 4, 2024 |
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Refund (if any) |
June 6, 2024 |
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Extra Info |
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Monetary E-book, Lead Manager, Institutional Bookrunner and Underwriter |
Saudi Fransi Capital – Morgan Stanley Saudi Arabia |
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Lead Manager |
Saudi Fransis Capital |
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Receiving Banks |
Saudi Bank of France – Al Rajhi Monetary Institution |
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Critical Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Preference of Shares (mln shares) |
Ownership (%) |
Preference of Shares (mln shares) |
Ownership (%) |
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|
Impact Funds Company for Monetary Technology |
13.15 |
18.65% |
9.90 |
13.06% |
|
Theeb Hudayban Ghallab Al-Motairi |
9.98 |
14.15% |
7.51 |
9.91% |
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Mohaidib Ali Mohammed Al-Mohaidib |
8.64 |
12.26% |
6.51 |
8.58% |
|
Samer Mohammed Raslan |
6.64 |
9.43% |
5.00 |
6.60% |
|
Mohammed Mohaidib Ali Al-Mohaidib |
4.65 |
6.60% |
3.50 |
4.62% |
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Impact Asset Preservation CIT Company |
4.52 |
6.41% |
3.40 |
4.49% |
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Fahd Ahmed Mohammed Abu Hamid |
3.45 |
4.90% |
2.60 |
3.44% |
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Majid Abdullah Mohammed Al Bawardi |
3.41 |
4.83% |
2.56 |
3.38% |
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Moayed Abdullah Mohammed Al Bawardi |
3.41 |
4.83% |
2.56 |
3.38% |
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Abdulrahman Abdullah Abdulrahman bin Aiban |
3.41 |
4.83% |
2.56 |
3.38% |
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Sami Mohaidib Ali Al Mohaidib |
3.33 |
4.72% |
2.50 |
3.20% |
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Ayman Abdullah Suleiman Al-Falaj |
1.57 |
2.23% |
1.18 |
1.56% |
|
Suleiman Abdullah Suleiman Al-Falaj |
1.57 |
2.23% |
1.18 |
1.56% |
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Thamer Abdullah Suleiman Al-Falaj |
1.57 |
2.23% |
1.18 |
1.56% |
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Abdulilah Mohammed Manie Al-Ghufaili |
1.20 |
1.71% |
0.90 |
1.20% |
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Public |
— |
— |
22.74 |
30% |
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Total |
70.50 |
100% |
75.80 |
100% |
