Seimer has set the price range for the IPO at RUB 235 to RUB 270.

Seimer has set the price range for the IPO at RUB 235 to RUB 270.

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Microfinance organization “Zaymer” reported in Telegram, which set the price range for the IPO at 235 to 270 rubles. This corresponds to the company’s capitalization in the range from 23.5 to 27 billion rubles, the MFO press service added.

The message clarifies that the final placement price will be set after the collection of applications, which will end on April 11. The company recalled that the basic size of the IPO will be no more than 3 billion rubles. In addition, Borrower shares will be offered in an amount of up to 15% of the base IPO volume. These securities can be used to stabilize quotes within 30 days after the start of trading. Thus, the total size of the offer will not exceed 3.5 billion rubles, the company’s press service reported.

On the Seimer website reportedthat the collection of applications from investors begins today, April 5. Trading is expected to begin on April 12. Based on the results of a preliminary dialogue with leading institutional investors, the company received indications of demand for 70% of the expected IPO volume. It is noted that after the placement, PJSC MFC Seimer will retain a majority stake in the share capital.

About plans to hold an IPO of Zaimer announced April 2. In February, Kommersant, citing sources wrotethat Seimer plans to go public by the end of March. Then sources stated that the IFC plans to raise 5 billion rubles. (Reuters sources cited the same amount), up to 90% of which will come from individual investors.

PJSC MFC “Zaymer” specializes in issuing loans online. Seimer’s customer base includes 17 million people. From the company’s IFRS reporting, it follows that for 2023, Seimer increased its net profit by 5.8%, to 6.1 billion rubles. In February 2023, Seimer fully repaid the first issue of bonds in the amount of 300 million rubles.

Read more about the Zaimer IPO in the Kommersant publication. “Investors were invited to microfinance”.

Erdni Kagaltynov

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