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.
By Vadim Kouznetsov, published
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
- 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
- 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
- Emirates NBD/Islamic
- Abu Dhabi Islamic Bank
- Abu Dhabi Commercial Bank
- First Abu Dhabi Bank
- Mashreq
- Mbank
- WIO Bank
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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