Through AREIA, we were able to identify several qualified institutional investors
to participate in the fund, including from among the Bank's regional financial institution customers.
It has been proposed that 25 per cent of pre-issue capital for at least two years should be with qualified institutional investors
, a family trust with networth of at least Rs 500 crore, well-regulated foreign investors and a new class of 'accredited investors'.
The shares are offered in two tranches consisting of: (i) a retail offering of 29.52 million shares to individual investors, representing 10 percent of the offering (the Retail Offering), (ii) a private offering of 265.65 million shares to qualified institutional investors
, representing 90 percent of the offering (the Institutional Offering).
This bond issue will be directed to Swedish and international qualified institutional investors
Summary: Qualified institutional investors
pick up 50% meant for them but retail subscription flounders at just 4%
In May, the bank raised INR1.275bn through sale of shares to qualified institutional investors
. The bank had approved the allotment of over 54.9 million shares to qualified institutional buyers at an issue price of INR23.22 per share, it said.
The delegation, which included a number of employees of the Saudi Stock Exchange under its Chief Executive Officer Adel Al-Ghamdi, Capital Market Authority and representatives of the major exporters in the Kingdom, sought to promote awareness and shed light on the Saudi market before investors at the international level, in addition to the participation in bilateral meetings and talks with regional officials and leaders in the private sector, and qualified institutional investors
looking to enter the Saudi market.
Marathon Capital said it will be seeking additional cash equity from qualified institutional investors
to invest alongside Tenor Capital's investors.
The shares would be offered to public investors through a book building process wherein 50 per cent of the net issue would be allotted on a proportionate basis to qualified institutional investors
while the company may allocate up to 60 per cent of the QIB portion to anchor Investors on a discretionary basis.
Offers will be made to investors in (i) an Egyptian public offering (15 per cent of the Offering, equivalent to 90 million shares), as well as (ii) through a private placement to qualified institutional investors
in a number of countries, including Egypt (85 per cent of the Offering, equivalent to 510 million shares) (the "Institutional Offering").
UniPixel has completed a USD 15m senior secured convertible note offering with qualified institutional investors
. Upon UniPixel meeting certain requirements, including filing a registration statement and receiving shareholder approval of the financing, the institutional investors have committed to purchase an additional USD 5m in senior secured convertible notes, raising the total gross proceeds from the offering to USD 20m.