Are you planning to buy Lulu’s share, clear your doubts here

Applications (subscriptions) for Lulu shares can be made until November 5th 2024. This is a golden opportunity to participate in the UAE’s largest IPO.

Abu Dhabi: Public investors have until November 5 to acquire investment participation in Lulu, the retail face of the Gulf region for more than five decades.

Is Lulu’s mega IPO in UAE sold out? What is reality?

Share applications (subscriptions) are now being accepted. Share allocation is on November 6th, 2024. Lulu’s initial share subscription can still be applied for. All eligible applications submitted by November 5th, 2024, will be considered. A record subscription was recorded on Monday when the IPO was launched.

Those who will apply now have equal chances to get the shares or the first applicants will be more considered?

Priority is given to deposits, not applications first. All eligible applications up to November 5th, 2024 will be considered.

Lulu to float 25%, raising $1.8B; part of shares for employees allocated

Why so much demand?

The strong participation of the investors is evidenced by the trust in the global brand Lulu, and the interest in the part of the largest retail chain in the GCC led to a strong subscription. The Abu Dhabi Government’s (ADQ) stake in Lulu, strong support from GCC administrations, public acceptance, and solid Lulu’s future growth plans all boosted investor confidence.

Who can apply?

Those with a National Investor Number similar to a demat account from the Abu Dhabi Stock Exchange and a bank account in the UAE can apply for Lulu shares.

Can you apply from India?

Those having a National Investor Number and bank account in UAE can legally subscribe for shares from India.

Lulu’s is the biggest IPO in the UAE this year. A golden opportunity is open to public investors to be a part of Lulu Group’s retail chain in GCC countries.