EVEREADY IPO Fact File:

Selling Agents:

Eveready East Africa announced the authorised selling agents for the upcoming Initial Public Offering.

They include licensed investment banks, stockbrokers, and select Kenya Commercial Bank branches, Managing Director, Mr Steve Smith said.

Investment banks in the list are CBA Capital, CFC Financial Services, Dyer & Blair Investment Bank, Standard Investment Bank, and Suntra Investment Bank. Others are Kestrel Capital (East Africa) Ltd, Apex Africa Investment Bank, African Alliance Kenya Securities, and Francis Drummond & Company.
Stockbrokers are Ashbu Securities, Nyaga Stockbrokers, Crossfield Securities, Ngenye Kariuki and Company, Discount Securities, Reliable Securities, Faida Securities, Sterling securities, Francis Thuo & Partners, and Solid Investment Securities.

Shares can also be purchased at the following KCB branches: Kencom House (Nairobi), Eldoret, Kisumu, Nakuru, Treasury Square (Mombasa), Nyeri, and Meru.

Pricing:

"We have selected the selling agents to make sure that the public can buy the shares as widely as possible within the country," said Smith. Eveready offers 63 million shares at Sh9.50 per piece from November 13 to November 24 while trading is expected to start on December 18.

Allocation:

Of the total shares on offer, 40.95 million shares (65 per cent) have been reserved for retail investors, 18.9 million shares (30 per cent) for corporate investors, and 3.15 million shares (5 percent) for employees and distributors. Retail investors will be required to apply for a minimum 1,000 shares, corporate investors, employees and distributors will apply for at least 10,000, 1,000 and 10,000 shares respectively.

Source: EA Standard.