![Egypt’s Ghazl El Mahalla’s IPO receives bids for 17.6mln shares Egypt’s Ghazl El Mahalla’s IPO receives bids for 17.6mln shares](https://bestinvestmentsnow.com/wp-content/uploads/https://static.zawya.com/version/c:NWZkNWRhNDUtNjVkMy00:ZWNjNTEy/140827093613vxcx-jpg.jpg?f=3:2)
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Ghazl El Mahalla FC has obtained bids for 17.609 million shares within the particular operations market (OPR), in keeping with a disclosure by the Egyptian Trade (EGX) on August 28th.
Beneath the preliminary public providing (IPO) of the corporate, 98 million shares of Ghazl El Mahalla’s capital are supplied on the market at a worth of EGP 1.02 per share.
Subscriptions to the general public providing purpose to lift the issued capital of the corporate to EGP 200 million from EGP 102 million.
The deadline for registering bids for subscribing to the corporate’s shares was on August 28th.
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