Cipla Uganda Ipo Prospectus

Cipla uganda ipo prospectus

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.

Cipla uganda ipo prospectus

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.

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