Abu Dhabi Securities Exchange has decided to list ADNH Catering Company under the symbol ADNHC for trading on the market, within the first category of the first market, starting tomorrow, Wednesday, October 23, within the consumer goods sector.
The market said in a statement issued yesterday that the share price will be floating during the first three sessions, meaning that it will not be bound by the permissible daily rise and fall limits (15% increase and 10% decrease).
For calculating the percentage change in the trading price, the reference price will be the final offering price of the public subscription, which is AED 0.96 per share.
On October 7, the company offered 900 million shares, representing 40% of its total capital, of which about 88.5 million shares were allocated to individual investors.
The subscription of individuals (first tranche) and qualified employees (third tranche) in ADNH Catering Company shares ended on October 14, while the subscription of institutions and companies (second tranche) ended on October 15, 2024.
Last Wednesday, the company announced the successful completion of its initial public offering (IPO) on the Abu Dhabi Securities Exchange, setting the final offering price at the top end of the price range of AED 0.96 per share.
The offering size amounted to AED 864 million ($235 million), and was covered several times in the first, second and third tranches, with strong demand from international and regional investors.
