Thursday 24 April 2008

Morocco Delta IPO Review

A new IPO is coming to the Moroccan stock markets. Delta Holding SA, a Moroccan diversified industrial company, is planning to come out with its IPO. Morocco, Delta IPO

What is the planned capital to be raised by Delta IPO?
The Morocco based Delta IPO is planning to raise 130 million dollars.

What is the size of the Delta IPO?
The Delta IPO from Morocco will be listing 23.3% shares on the Casablanca Stock market. The IPO size for Delta IPO will be 1.02 million shares out of the total of 4 million shares. 65 percent of the shares in Delta's IPO have been reserved for institutions.

What is the business of Morocco Based Delta IPO?
The family-controlled firm, has a highly diversified portfolio of services. It has business interests ranging from public works, signalling and irrigation to metals and property.

How much capital is expected to be raised by the Delta IPO?
Delta plans to raise between 887 and 938 million dirhams by selling 1.02 million of its 4 million shares for between 870 and 920 dirhams.

When will the Delta IPO open for subscritption?
The Delta IPO will accept IPO applications from April 24 to May 2, 2008.

What is the business history of Delta IPO?
Delta has not paid dividends for the last three years as it seeks to reinforce its capital. This year it expects to distribute half of its net profits, which rose to 99.9 million dirhams last year from 84.45 million in 2006. Table of Contents

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