IPO raised a total of 236 BILION SHILLINGS.
LOCAL INVESTORS 160 BILLION FOREIGN INVESTORS 76 BILLION
ALLOCATIONS
SUBSCRIPTION RATE SUPPOSEDLY 553 PERCENT SO OVERSUBSCRIBED BY 453%
GOVERNMENT INVOKED CLAWBACK OPTION OF 15 PERCENT THUS INCREASING SHARES ALLOCATED TO LOCAL INVESTORS BY 1.5 BILLION SHARES. SO LOCAL RETAIL WAS 3.38 BILLION SHARES=1.5 BILLION SHARES
TOTAL OF 864,228 APPLICANTS FOR SHARES LOCALLY(THIS INCLUDES EAST AFRICANS) WITH ATOTAL CASH OUTPUT OF WORTH 113 BILLION SHILLINGS OR 22.6 BILLION SHARES OVERSUBSCRIPTION RATE WAS 669.7 PERCENT. SUPPOSEDLY...
QII
QUALIFIED INSTITUTIONAL INVESTORS..... THEY WERE TO PAY AFTER ALLOCATION THUS SAVING THE SHILLING MUCH SUFFERING... 499 APPLICANTS APPLYING FOR 8.8 BILLION SHARES WORTH 43.8 BILLION SJHILLINGS SUBSCRIPTION RATE SWAS 320.8 PERCENT SO OVERSUBSCRIBED BY 220.8%
SAFARICOM DEALERS.... 137 APPLICANTS APPLIED FOR 422.2 MILLION SHARES WORTH 2.1 BILLION SHILLINGS AGAINST AN ALLOCATION OF 130 MILLION SHARES SUBSCRIPTION RATE 324.7%
SAFARICOM EMPLOYEES ..... 1493 APPLICANTS APPLIED FOR 307.5 MILLION SHARES WORTH 1.5 BILLION KENYA SHILLINGS SUBSCRIPTION RATE WAS 118.3 PERCENT
INTERNATIONAL POOL 90 APPLICANTS APPLIED FOR 14.2 BILLION SHARES WORTH 72.6 BILLION SHARES WORTH 72.6 BILLION AGAINST AN ALLOCATION OF I THINK 3.5 BILLION
SUBSCRIPTION RATE IS 711 PERCENT
THESE WERE THE ORIGINAL FIGURE RELEASED BY THE MINISTER WITH THE CAVEAT THAT AFTER INVOKING THE CLAWBACK, THE INTERNATIONAL POOL SHRINKS DOWN TO JUST TWO BILLION SHARES THEREBY REDUCING THE SUBSCRIPTION RATE TO FOR THE LOCAL TO 463.5%(sic). in reality the figure should really be closer to 453% as they later amended it but that then throws into contention all the other numbers.
thus if total for locals collected( they are the only ones who paid up front) is 113 billion then refund is (21/100)* 113,000,000,000 is 89.27 BILLION SHILLINGS.
SO.... Q11 31%
RETAIL... 21%
DEALERS...31%
EMPLOYEES..84%
INTERNATIONAL.. 15%
REFUNDS WILL START AFTER DATE OF ALLOTMENT.. KIMUNYA PUTS THE EXACR DATE AT JUNE 9 WHEN SHARES GO TO STOCK MKT.
NOW YOU CHEW ON THAT
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3 comments:
Thanks Adam C.
This all smells fishy to me! Mobitelea may have struck Kenyans yet again - pretending to be a retail investor.
No wonder they classified all East Africans as locals so that they could disgiuse the source of funds!
Whre did all that cash come from - considering the Post election Violence an the poverty levels in East African countries?
I am waiting to see the shareholder distribution details and names of Top Shareholders before making any final conclusions. I hope they release that ASAP.
Maishiniki - the 'foreigners' will have sold the shares long before any official shareholders list is prepared!
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