By Dipo Olowookere
The management of Skyway Aviation Handling Company (SAHCOL) Plc is expecting to realise not less than N1.89 billion from its Initial Public Offering (IPO).
Recall that on Monday, Business Post reported that the firm, owned by Nigerian businessman known as Mr Taiwo Afolabi of Sifax Group, received regulatory approval to list its shares on the Nigerian Stock Exchange (NSE).
SAHCOL is planning to sell to the investing public a total of 406,074,000 ordinary shares of 50 kobo each at N4.65k per share.
It was gathered that the company is hoping to receive subscriptions from institutional investors, retail investors, local investors as well as foreign investors.
Business Post reports that Lagos-based Vetiva Capital Management Limited and Cordros Capital Limited are acting as financial advisers to the deal.
In addition, Sigma Securities Limited, Apel Asset Limited, APT Securities and Funds Limited, City-Code Trust & Investment Company Limited, Dynamic Portfolio Limited, Fortress Capital Limited, Planet Capital Limited, Pilot Securities Limited, and Vetiva Securities Limited are the appointed stockbrokers for the exercise.
One of the competitors of SAHCOL, the Nigerian Aviation Handling Company (NAHCO) Plc is already trading its shares on the stock market.
more recommended stories
ABCON Trains Members Ahead of FATF Team Visit to Nigeria
By Modupe Gbadeyanka President of Association.
DPR Seals NNPC, MRS Oil, 17 Other Petrol Stations
By Modupe Gbadeyanka A total of.
Six-Month Treasury Bill Yield Rises to 15.60%
By Dipo Olowookere The yield on.
Nigerian Stock Market Returns to Familiar Territory After 0.21% Loss Tuesday
By Dipo Olowookere The Nigerian Stock.
Fresh Hopes for Nigeria as Brent Returns to $60 Per Barrel
By Adedapo Adesanya The Brent Crude.
Naira Succumbs to Pressure, Depreciate at Investors Window
By Adedapo Adesanya Tuesday closed at.
MTN, Airtel Joining Banking Sector Not Threat to GTBank–Agbaje
By Dipo Olowookere Managing Director/Chief Executive.
NSE: Dangote Cement Reclaims Spot as Most Capitalised Firm
By Dipo Olowookere Dangote Cement has.