Diasoft announced the indicative price range of the initial public offering of ordinary shares and the start of accepting applications from institutional and private investors to participate in the IPO. This is stated in the company's message.
The indicative IPO price range is set at the level of 4 thousand rubles to 4.5 thousand rubles (inclusive) per share, which corresponds to the estimate of Diasoft in the amount of 40 billion rubles to 45 billion rubles. excluding funds raised as part of the IPO.
The basic size of the IPO will be up to 800 thousand shares, which corresponds to 8% of the number of issued and outstanding shares.
The main part of the basic IPO size will be made up of shares issued as part of an additional issue of the company in the amount of 500 thousand shares (5% of the existing authorized capital). At the same time, in order to achieve a more significant IPO size and create additional liquidity for shares on the secondary market, the existing shareholders decided to offer investors a part of their shares in the amount of up to 300 thousand shares (3% of the existing authorized capital).
As part of the placement of shares, the pre-emptive right of current shareholders to purchase shares is provided. However, based on information received from the current shareholders of Diasoft, it is currently assumed that the pre-emptive right will be exercised in the amount of no more than 100 thousand shares. This amount is included in the total volume of the additional issue, amounting to 600 thousand shares. Thus, it is expected that in the event of the exercise of the pre-emptive right by the current shareholders of the company, the basic IPO size proposed for acquisition at the Moscow Stock Exchange will not change.
Also, the current shareholders of the company will provide a block of shares in the amount of up to 15% of the base IPO size for possible stabilization within 30 days after the start of trading on the Moscow Stock Exchange.
Thus, the total size of the IPO can be up to 4.14 billion rubles.
The IPO price will be determined based on the results of the end of the application collection period, which will begin today, February 7, 2024, and will end tentatively on February 14, 2024.
It is expected that the placement of investors on the Moscow Exchange will be held on February 15, 2024, and trading of the company's shares in the second level of the Moscow Exchange listing will begin on February 16, 2024 under the ticker DIAS and ISIN RU000A107ER5.
Diasoft is a developer and supplier of software for the Russian financial sector. Revenue for the 12 months of 2023 amounted to 7.9 billion rubles.
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