Calata Corporation IPO May 10-16
Calata Corporation, one of the largest distributor of agrochemicals, feeds, fertilizers, seeds, and veterinary medicines in the Philippines has filed last December 2011 with the Securities and Exchange Commission (SEC) to list its shares in the PSE via Initial Public Offering (IPO). The purpose of the IPO is to raise funds for the expansion of its distribution outlets and finance its working capital requirements.
Among its clients are B-Meg of San Miguel Corp. for Feeds, Syngenta, Bayer, Jardine, Dupont, and Sinochem for Agrochemicals, Viking (Yara) and Swire for Fertilizers, Monsanto and East West Seed Company for Seeds, and San Miguel Corp. for Veterinary Medicines.
Calata Corporation will be offering new shares to the public at an offer price of PHP7.50 per share. Minimum subscription is 100 shares, and thereafter, in multiples of 100 shares.
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