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

Complete guide to LuLu Retail IPO subscription. Share price Dh1.94-2.04, minimum investment Dh5,000. Open until November 5. See eligibility and process.

Vadim Kouznetsov
1–2 minutes
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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

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

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

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