IPO Results Announcement
Uganda, Kampala 14th September 2018 – Cipla Quality Chemical Industries (“CiplaQCIL”) (Ticker: CQCIL) today announces the successful allocation of its Initial Public Offering (“IPO”) on the Uganda Stock Exchange at the Offer Price of UGX256.5 per share. Based on the Offer Price, the market capitalization of CiplaQCIL will be approximately UGX 937billion.
The Offer was oversubscribed, owing to strong demand from local and foreign institutional investors, with the Institutional Pool well oversubscribed.
CiplaQCIL is pleased with the results and especially delighted with the large number of retail subscribers. The company looks forward to welcoming its new shareholders.
This Prospectus provides detailed information about the Company and the Offer. Potential investors in respect of the Offer Shares are advised to read this document carefully and retain it for future reference. In the event that a potential investor is not clear about the action to take, he/she should consult his/her stockbroker, banker, lawyer, auditor and/or other financial, legal and tax advisor for guidance and carefully review the risks associated with an investment in the Company.