MerryMart IPO, led by young tycoon Edgar Sia II, is poised to be the first company to bravely face local stock market this turbulent year even as the COVID-19 pandemic takes a heavy toll on the global economy.
Ticker Code: MM
Offer Price: Php 1.00/share
Offer Period: May 27 to June 5, 2020
Target Listing Date: June 15, 2020
Minimum Reservation: 5,000 shares, 1,000 shares thereafter
- How can we invest in MerryMart shares?
MerryMart shares will be available to institutional clients via the underwriter PNB Capital & Investment Corp and will also be made available to Philippine Stock Exchannge (PSE) trading participants and their clients and other Local small investors(LSI) via PSE Easy. You must have an account with a stockbroker to participate in the IPO if you fail to get shares from Offer period you can buy shares on PSE main board on listing date. More: Complete IPO Guide.
- Where can I get a copy of the MerryMart preliminary prospectus?
The Preliminary Prospectus is available in the Company Disclosures section of the MerryMart website .https://merrymart.com.ph/. Quick link : MerryMart IPO Prospectus
- What is the offer size and offer price of MerryMart shares?
The MerryMart IPO is a primary offer of up to 1,594,936,709 Common Shares with an offer price of P1.00 per share.
- Who are the major shareholders of MerryMart?
MerryMart is currently 100% owned by Injap Investments Inc. the holding company of the Sia family led by its Chairman and CEO Edgar “Injap” Sia II. Mr. Sia is also the Chairman and CEO of Double Dragon Properties who owns CityMall.
- Does MerryMart have a dividend policy?
MM’s current dividend policy provides that up to 30% of the preceding fiscal year’s net income after tax can be declared as dividends, subject to the availability of unrestricted retained earnings, implementation of business plans,contractual obligations, and working capital requirements.
- Who can I contact for additional investor information?
MerryMart Consumer Corp. – Investor Relations Department
9th Floor Tower 1, DoubleDragon Plaza, DD Meridian Park
Corner Macapagal Ave. and EDSA Extension, Bay Area
Pasay City, Metro Manila, Philippines
- The Philippine Stock Exchange Inc.
6/F PSE Tower
5th Avenue corner 28th Street
Bonifacio Global City, Taguig City,
Tel. No.: (632) 8876-4888
Merrymart has set its 12-12-12 Vision 2030 with the goal of rolling out a total of 1,200 MERRYMART branches nationwide, it aims to reach Php 120 Billion in system wide sales revenue, and eyes a timetable to achieve the set targets within 12 years from today.
Source: Merrymart FAQs ; Company Website
Related Content: Complete IPO Guide ; The Brave MerryMart IPO ; The Coronaconomy Battle
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