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Talabat IPO: Key Dates, Share Details & How to Subscribe 2024 | JobXDubai
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Talabat IPO: Key Dates, Share Details & How to Subscribe 2024 | JobXDubai

Talabat announces 15% stake sale via IPO. Subscription opens November 19. Learn about share allocation, minimum investment, and dividend plans.

Vadim Kouznetsov
1–2 minutes
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IPO Overview

Talabat, the MENA region’s leading food delivery platform, has announced plans to sell 3.49 billion ordinary shares through an initial public offering (IPO), representing 15% of the company.

Key Dates

  • Subscription Period Start: November 19, 2024
  • First Tranche Closing: November 27, 2024
  • Second Tranche Closing: November 28, 2024
  • Final Price Announcement: November 29, 2024
  • DFM Listing Date: December 10, 2024

Share Structure

Share Details

  • Total Shares Offered: 3,493,236,093
  • Nominal Value: AED 0.04 per share
  • Post-IPO Capital: AED 931.52 million

Tranche Distribution

  1. Retail Investors (First Tranche):
    • Allocation: 5% (174,661,805 shares)
    • Minimum Investment: AED 5,000
    • Additional Increments: AED 1,000
    • Guaranteed Minimum: 1,000 shares
    • Employee Guarantee: 10,000 shares
  2. Institutional Investors (Second Tranche):
    • Allocation: 95% (3,318,574,288 shares)
    • Minimum Investment: AED 5 million
    • No maximum subscription limit

Financial Performance

Growth Metrics

  • 2023 GMV: AED 22.3 billion
  • 2023 Revenue: AED 8 billion
  • YoY Revenue Growth: 26.6%
  • 2024 Q1-Q3 Revenue: AED 7.6 billion
  • YoY Growth (Q1-Q3): 32%

Dividend Strategy

Planned Payouts

  • April 2025: AED 367.25 million
  • 2025 Total: AED 1.469 billion (split between October 2025 and April 2026)
  • Target Payout Ratio: 90% of net income
  • Payment Schedule: Bi-annual (October and April)

Market Position

Business Overview

  • Active Customers: 6+ million monthly
  • Partner Businesses: 65,000+
  • Market Coverage: 8 regional markets
  • Service Types: Food delivery and Q-commerce

Participating Banks

Lead Managers

  • Emirates NBD Capital
  • Abu Dhabi Commercial Bank
  • EFG Hermes UAE
  • First Abu Dhabi Bank

Receiving Banks

Investment Considerations

Growth Drivers

  • Market leadership in MENA
  • Strong revenue growth
  • Clear dividend policy
  • Expanding service offerings
  • Regional economic growth

Information accurate as of announcement date. Investors should review the full prospectus before making investment decisions.

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