LuLu Retail IPO: How to Subscribe | Price Range Dh1.94-2.04 | UAE Markets

LuLu Retail, the GCC’s leading retailer, opens its historic IPO with shares priced between Dh1.94 and Dh2.04, potentially valuing the company at Dh21.07 billion.

Key Dates

• Subscription Opens: October 28, 2024
• Subscription Closes: November 5, 2024
• Final Price Announcement: November 6, 2024

Subscription Tranches

First Tranche (Retail Investors)

• 258.22 million shares (10% of offer)
• Minimum guaranteed allocation: 1,000 shares
• Starting investment: Dh5,000
• Additional increments: Dh1,000
• No maximum limit

Second Tranche (Institutional Investors)

• 2.29 billion shares (89% of offer)
• Minimum subscription: Dh5 million
• No maximum limit

Third Tranche (Senior Executives)

• 25.82 million shares (1% of offer)
• Minimum subscription: Dh50,000
• Additional increments: Dh1,000
• No maximum limit

How to Subscribe

Participating Banks

• Abu Dhabi Commercial Bank
• First Abu Dhabi Bank
• Dubai Islamic Bank
• Emirates Islamic Bank
• Mashreq
• Emirates NBD

Requirements

1. National Investor Number (NIN)
2. Valid UAE bank account
3. Required documents as per bank KYC

Eligibility

• GCC residents
• Indian investors (subject to local laws)
• International investors through UAE brokerages

Cornerstone Investors

Major institutional backing includes:

• Abu Dhabi Pension Fund
• Bahrain Mumtalakat Holding Company
• Emirates International Investment Company (Dh367 million commitment)
• Oman Investment Authority

Total cornerstone investment: Dh753 million

Company Highlights

• Pan-GCC retail leader
• 240 stores network
• Expanding presence in Saudi Arabia
• Growing e-commerce platform
• Strong private label portfolio

Steps for International Investors

1. Contact UAE licensed brokers
2. Complete KYC process
3. Obtain NIN
4. Submit subscription application
5. Transfer funds to designated account

Important Notes

• Lock-up period: 180 days for cornerstone investors
• Final price determination through book building
• Market cap range: Dh20.04 billion to Dh21.07 billion
• Total shares offered: 2.58 billion (25% of company)

Last Updated: October 28, 2024

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Disclaimer: Investment in IPOs carries risks. Please read the prospectus and consult financial advisors before investing.

Additional Reading Material

• LuLu Retail IPO: Share Price Range Set at Dh1.94-2.04 | UAE Stock Market
• LuLu Group Plans Abu Dhabi IPO, Hints at Future Saudi Stock Market Entry
• LuLu Group IPO: Record-Breaking UAE Retail Subscription Expected | JobXDubai
• How to Subscribe to Lulu IPO: Complete Guide for International Investors
• Lulu Group IPO: UAE Retail Giant to Sell 25% Stake on Abu Dhabi Exchange