1st Listing for Disty Technologies

Disty Technologies is the first company to enter the new alternative market of the Casablanca Stock Exchange. The IPO was subscribed 1.34 times by 1,364 subscribers, announced on Wednesday Tarik Senhaji, general manager of the Casablanca Stock Exchange.

The initial public offering of Disty Technologies was subscribed 1.34 times by 1,364 subscribers, announced on Wednesday Tarik Senhaji, general manager of the Casablanca Stock Exchange. The total amount subscribed to the issue of this operation amounted to more than 230 million dirhams (MDH), corresponding to 809,905 shares requested, with an overall satisfaction rate of nearly 74.64%, he said. during the company’s initial listing ceremony.

Disty Technologies has opted for an IPO for a total raising of 171 million DH, through a sale of shares, coupled with a capital increase of 62 million DH.

The number of shares granted reached 100% of the shares requested, noting that the 12 regions have subscribed to the IPO of this operator of distribution of IT products and solutions.

By type of investor, 62.71% of the shares were allocated to institutional investors (85) who subscribed to the IPO, while 5% of subscribers are legal persons (24) and 32.3% natural persons (1.255).

Institutional investors are 100% Moroccan, in the same way as legal persons having subscribed to the IPO, while 99% of natural persons are Moroccan and 1% foreign.

By region, investors from Casablanca-Settat won 81.44% of the shares, i.e. 729, while subscribers from the Regions of Rabat-Salé-Kénitra and Fès-Meknes took 4.12% of the shares (164) and 1.74% (92), respectively.

By going public, Disty Technologies represents the 77th listed company and constitutes the first transaction in the “Alternative A” Compartment dedicated to small and medium-sized enterprises (SMEs) and the first introduction of a company accompanied by the Elite program, launched by the Casablanca Stock Exchange. The security is quoted continuously from this Wednesday, under the label “Disty Technologies”.

“The success of this IPO in the current context represents a great symbolism for the Casablanca Stock Exchange in particular, and for the financial market in general”, declared on this occasion the chairman of the board of directors of the Casablanca Stock Exchange. , Kamal Mokdad. “It is a very strong signal of confidence for all economic players, and its success clearly illustrates the strong capacity of the Casablanca Stock Exchange to contribute to the financing of the Moroccan private sector and the development of SMEs”, he said. added.




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