First day of Electrica IPO: 61.5 percent of shares for small investors, already subscribed

Newsroom 16/06/2014 | 17:52

Small investors rushed to take advantage of the opportunities presented by the Electrica IPO and already subscribed 60 percent of shares allotted to them. Over half the titles are contracted for guaranteed packages of at least 1,000 shares, writes Mediafax.

According to the prospectus of the Electrica IPO, the tranche for small investors represents 7 percent of the total number of shares sold by the company, meaning 12.403 million shares. At 5 pm, 7,633 million shares, 61.5 percent of the total for this tier, had already been subscribed.

A small investor requires at least RON 3,375 to order the minimum allotment of 250 shares at RON 13.5 per share.

8 percent of shares are available to investors in the big retail tranche, more specifically 14.175 million shares. On this segment, there were 5 orders for 554.447 shares. One of the orders was for 400,000 shares, and the smallest – 10.370.

Through this IPO, Electrica is putting up for sale 177.19 million new shares which make 51 percent of its capital at a minimum price of RON 11 and a maximum price of RON 13.5.

The Romgaz IPO saw record orders on the small investor tier, reaching EUR 41 million in value in a single day.

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