LuLu Retail closes with gross proceeds of Dh6.32 billion ... - Gulf News
1 day ago · Image Credit: Ahmad Alotbi/Gulf News. Dubai: LuLu Retail has emerged as the biggest IPO in the UAE for 2024, with gross proceeds totalling Dh6.32 billion. The offer - which is priced at Dh2.04 a ...
UAE: Lulu IPO oversubscribed 25 times; shares priced at Dh2.04
1 day ago · On Monday, Lulu Retail increased the size of its initial public offering (IPO) by 5 per cent to 30 per cent, allocating more shares for professional investors.. The total offering size was ...
Lulu IPO ends with 25X oversubscription, becomes largest IPO in …
1 day ago · The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date. Lulu Retail’s shares will begin trading on the Abu Dhabi Securities Exchange (ADX) on November 14.
LuLu Retail creates record, IPO generates demand exceeding
19 hours ago · LuLu Retail is eyeing $172 crore (Rs 14,500 crore) through the IPO. It bypassed NMDC Energy's $87.7 crore (Rs 7,300 crore) record set early this year. Earlier, LuLu planned to sell 25 per cent shares held by LuLu Group, but the increased demand made it hike the shares on offer by five per cent (5.16 crore shares) to 30 per cent (310 crore shares).
LuLu Retail IPO: Individual investors will benefit from no ... - Gulf News
2 days ago · LuLu Retail did raise the IPO percentage, but only for institutional investors. For individual investors, this should play well when the stock starts trading on November 14.
Lulu Retail Holdings PLC IPO successfully prices at the top of
1 day ago · The IPO received exceptional retail investor interest, with more than 82,000 retail investors subscribing to the Offering – a record for a UAE IPO over the past 10 years. Admission of the Shares to trading on the Abu Dhabi Securities Exchange (“ADX”) (the “Admission”) is expected to take place on Thursday 14 November 2024, with Lulu ...
Grocer Lulu’s $1.72 Billion Abu Dhabi IPO Draws Vanguard, GIC
1 day ago · The retailer initially planned to sell a 25% stake and raise up to $1.43 billion, but increased the size of the IPO, citing strong investor interest. The deal had demand for all shares an hour after books opened last week, eclipsing oil services firm NMDC Energy’s $877 million offering as United Arab Emirates’ biggest IPO of the year.
Indian Billionaire Yusuff Ali’s Lulu Retail IPO Priced At ... - Forbes
2 days ago · Lulu Retail Holdings—a Middle East hypermarket chain founded by Indian billionaire M.A. Yusuff Ali—has priced its IPO at the top end of the price range, raising $1.7 billion in the United Arab ...
Lulu retail IPO fully subscribed in an hour, to be listed in Abu …
Oct 29, 2024 · Lulu Retail Holdings' Initial Public Offering (IPO) was fully subscribed within an hour of opening in the United Arab Emirates. The shares carried a price band of UAE dirham (AED) 1.94 to AED 2.04, approximately Rs 44.40 to Rs 46.69, each.
Top Grocer Lulu Boosts Size of Abu Dhabi IPO to $1.72 Billion
3 days ago · Lulu Retail Holdings Plc increased the number of shares on offer in its Abu Dhabi initial public offering, and now targets raising as much as $1.72 billion in the United Arab Emirates’ biggest listing of the year. ... Bloomberg News reported earlier on Monday. Lulu previously planned to sell 2.58 billion shares, or a 25% stake, and raise as ...