Spinneys UAE Public Offering
Fresh Opportunities
We are pleased to present you with the opportunity to subscribe to Spinneys UAE Public Offering.
From a single location in Bur Dubai in 1961, Spinneys has grown to operate a network of 75 premium grocery stores across the UAE and Oman.
The Offer Price Range has been set between AED 1.42 and AED 1.53 per Share.
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Intention to float announcement
16 April 2024
Opening of subscription
23 April 2024
Retail subscription closure
29 April 2024
Final price offer announcement
1 May 2024
Refunds
7 May 2024
Expected listing date
9 May 2024
Market
DFM
Website
Spinneys
Key facts about Spinneys
One of the leading fresh-focused food retailers in the UAE.
Operating in a sizeable market with growing, resilient long-term demand for premium fresh food.
Well-positioned for regional expansion in Saudi Arabia, the GCC’s largest economy, with four Spinneys stores targeted to open in the Kingdom in 2024.
Strong value proposition built on a differentiated offering, quality, convenience, and strong brand recognition.
Experienced and focused team, with 22% of the workforce having been with the group for 10 years or more.
Well-invested, vertically integrated, global sourcing network, and two centralized production facilities in the UAE.
Strong revenue growth driven by increasing demand for premium fresh food.
Future revenue growth underpinned by expansion of store network, diversification of offering, operational and supply chain efficiencies, fixed cost controls, in-house production capability and operating leverage.
Led by a well tenured, experienced leadership team with an ownership mindset and a focus on sustainability.
IPO INVESTOR PORTAL
We’ve made IPO subscriptions easy, fast and convenient
- IPO Portal
- Online Banking
- Mobile Banking
- ATMs
- Branches
Subscribe to Spinneys UAE Public Offering
You can subscribe to Spinneys IPO through our IPO portal even if you are not an Emirates NBD customer. You can subscribe in three simple steps: Before you start, please make sure you have: If you don't have a DFM NIN number, you can open an Emirates NBD Securities account with us in 3 simple steps and start trading and subscribing to IPOs instantly. Your NIN number will be automatically generated in this process.
Spinneys’s shares will be listed in Dubai Financial Market (DFM).
Online Banking Steps:
- Log in to your online banking
- Click on Pay & Transfer
- Select “IPO payment” option
- Enter your Investor Number
- Select the broker if any
- Enter the amount to invest
- Authorize with authorization code
- You’ll get a confirmation with the IPO application and reference numbers
Steps for Mobile Banking:
- Login to ENBDX.
- Navigate to ‘Transfer/Payment’ on the home page and select IPO.
- Select preferred account in the ‘From Account’ field.
- Select IPO name on ‘IPO details’ screen.
- Select Category/Tranche.
- Enter your Investor Number.
- Agree to the “Terms and Condition”.
- Select broker name and enter the amount on payment details screen.
- Confirm the details on Summary screen.
- Authorize payment with the Authorization code.
- You’ll receive IPO payment confirmation along with the reference and application number.
ATM Steps:
- Insert your debit card and enter your PIN number
- Select IPO subscription option in the main screen and select IPO name
- Enter your Investor Number
- Select the account from which the funds need to be debited
- Enter the amount to invest / number of shares
- Select the broker if any
- You’ll get a confirmation with the IPO application and reference numbers
Meet the Leading Brokerage Firm in the Region
Emirates NBD Securities is the first brokerage in the UAE that can generate market account number and DFM National Investor number (NIN ) in real-time to help Emirates NBD customers trade instantaneously.
