“New body line” Company specializing in textiles and clothing has announced its listing on the alternative market of the Tunis Stock Exchange (TSE).
The company conducted its IPO, through the opening of its capital to the tune of 41.67%, by issuing new shares as part of a capital increase and sale of existing shares through a public offer with fixed price of 8.5 dinars per share and a guaranteed investment at the same price.
The public offering, which mobilized 10,837 new shareholders, was a resounding success with a demand that was approximately 14 times the amount offered.
Moreover, the guaranteed investment was signed by 14 institutional investors (mutual funds, etc.).
New Body Line was able to raise 13.38 MTD on the market. The market capitalization of the company at the date of introduction is of 32.13 MTD.