‘Invescore NBFI’ JSC, a newly listed Tier III company, is offering 10,759,188 units or 15 percent of its total outstanding shares to raise MNT 17.6-18.7 billion based on the book building approach in accordance with the Primary Market Trading Rules of MSE.
The company is offering its 85 percent of its shares to strategic investors at the price of MNT1,650-1,750 and its15 percent of its shares to public at the price of MNT1,550-1,650.
The subscription will be received through MSE’s all member brokerage companies during the period between 10 am-5 pm on May 22-30, 2019 and 10 am-3 pm on May 31, 2019.
In case of oversubscription for the stock, the following allocation policy will apply:
| Number of Investors | Up to 1,000 | Up to 2,000 | Up to 4,000 | 4,000 and more |
| Allocation policy | Orders for up MNT500,000 will be fully filled, the remaining orders will be alloted on a pro-rata basis | Orders for up MNT250,000 will be fully filled, the remaining orders will be alloted on a pro-rata basis | Orders for up MNT120,000 will be fully filled, the remaining orders will be alloted on a pro-rata basis | Orders for up MNT70,000 will be fully filled, rest of orders will be alloted on a pro-rata basis |
MONGOLIAN STOCK EXCHANGE