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 937 billion. 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.
