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Lulu IPO: IPO, ADCB, ADX, FAB Details

The Lulu IPO share price is making headlines as Lulu Retail Holdings Plc targets raising between AED 5.01 billion and AED 5.27 billion (approximately $1.36 billion to $1.43 billion) in the UAE’s biggest IPO of 2024. With a share price range of AED 1.94 to AED 2.04, Lulu will list 2.58 billion shares, representing a 25% stake, on the Abu Dhabi Stock Exchange (ADX) on November 14, 2024. Within an hour of the IPO’s opening, it was fully subscribed! Retail investors are required to make a minimum investment of AED 5,000. Below, find all the details about the Lulu IPO share price, Lulu IPO ADCB, Lulu IPO ADX, and more. If you want to learn analysis techniques, check out GRM IIT to access free and paid resources.


Lulu IPO Share Price Breakdown

The Lulu IPO share price range, between AED 1.94 to AED 2.04, makes this IPO the UAE’s largest in 2024, reflecting investor confidence and robust market interest. Key details:

  • Target Amount: AED 5.01 billion to AED 5.27 billion
  • Market Cap: Up to AED 21.1 billion
  • Total Shares Offered: 2.58 billion shares (25% of total)
  • Expected Trading Date: November 14, 2024

With high institutional interest, Lulu IPO ADX aims to attract retail investors through banks like Lulu IPO ADCB (Abu Dhabi Commercial Bank), Lulu IPO FAB (First Abu Dhabi Bank), and Lulu IPO ADIB (Abu Dhabi Islamic Bank), making it convenient to apply through bank services. GRM IIT provides in-depth trading insights, so if you’re interested in similar analyses, explore our platforms.

Lulu IPO ADCB and Other Banks for Investing

Retail investors can apply for the Lulu IPO through ADCB and other participating banks, including:

  1. Abu Dhabi Commercial Bank (ADCB)
  2. First Abu Dhabi Bank (FAB)
  3. Abu Dhabi Islamic Bank (ADIB)

These banks offer both in-branch and online applications, making participation straightforward for regional and international investors. Lulu IPO ADCB also supports investment in the IPO through online banking for added convenience.

How to Buy Lulu IPO from India

Wondering how to buy Lulu IPO from India? Follow these steps:

  1. Obtain a National Investor Number (NIN): Required for trading on the Abu Dhabi Stock Exchange (ADX), this can be obtained online or through registered brokers.
  2. Bank Account Requirement: You must have a UAE-based or international bank account.
  3. Apply through Designated Banks: Investors can choose Lulu IPO ADCB, FAB, ADIB, or others, either by visiting branches or via online banking.
  4. Minimum Investment: An initial investment of AED 5,000 is required, with additional increments available in AED 1,000.

Lulu IPO ADX and Institutional Investors

The Lulu IPO ADX launch has attracted substantial institutional interest, with commitments from significant entities such as:

  • Abu Dhabi Pension Fund
  • Oman Investment Authority

These investors have subscribed for shares worth approximately AED 753 million. This interest indicates strong backing for Lulu’s growth potential in the Gulf. As one of the region’s top retail companies, Lulu will compete with entities like Spinneys and BinDawood Holding on ADX.

Lulu IPO Minimum Investment for Retail Investors

The Lulu IPO minimum investment for retail investors is AED 5,000 (around ₹1.14 lakh), with shares available in AED 1,000 increments after the initial investment. This structure ensures access for a broad range of investors.

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Key Dates and Lulu IPO Price UAE

Mark these dates to stay updated on the Lulu IPO price UAE:

  • Subscription Period: October 28 – November 5, 2024
  • Final Lulu IPO Share Price Announcement: November 6, 2024
  • Allotment Notification: November 12, 2024
  • Refunds Processed: November 13, 2024
  • Trading Start on ADX: November 14, 2024

These dates help you plan and prepare for the Lulu IPO price UAE trading debut.

Dividend Policy of Lulu IPO

The Lulu IPO ADX stands out with its dividend plan, committing to distribute 75% of profit after tax as dividends, paid semi-annually. This payout ratio, supported by steady growth, is a compelling factor for investors focusing on Lulu IPO price UAE.

Conclusion: Why Lulu IPO is a Great Investment

The Lulu IPO share price presents an excellent opportunity to invest in a Gulf retail giant, spearheaded by Indian entrepreneur Yusuff Ali. Backed by key institutional investors and a strong market presence, Lulu is positioned for success as it expands across the Gulf region.

If you’re eager to make informed investment decisions like this one, GRM IIT offers both free and paid insights on trading analysis. Visit our YouTube channel for free content, or explore our advanced resources on our website.

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