Skip to main content

Welcome to the Investcorp Capital IPO

Investcorp Capital plc (Investcorp Capital) has announced its intention to float on the Abu Dhabi Securities Exchange (ADX).

This is a unique offering on the ADX. Through Investcorp Capital’s listing and IPO, eligible investors have the opportunity to benefit from Investcorp Group’s unparalleled sourcing capabilities and unique investment expertise, delivering attractive returns across economic cycles with a recurring cash yield to support a targeted 8% dividend payment per year on net asset exposure.

In the UAE, some restrictions apply and only "Professional Investors" (as such term is defined in the SCA Board of Directors' Chairman Decision No. 13/R.M of 2021), may participate in the First Tranche (pro rata allocation tranche) as defined in the UAE Offering (as defined below). See page 5 of the English version of the UAE Prospectus for more information.

Letter from our CEO

“For more than 40 years, Investcorp Group has been a leading name in alternative asset management – at the forefront of some of the most innovative and successful deals across corporate investments, global credit, real estate, strategic capital, insurance asset management, infrastructure and absolute return investments. The launch of Investcorp Capital and its subsequent listing on the ADX will build on the established track record of Investcorp, whilst opening our offering to provide the opportunity to benefit from this storied history.

Together with the Investcorp Group management team, we are looking forward to the listing and embarking on this new, exciting chapter with Investcorp Capital.”

- Timothy Mattar, Chief Executive Officer, Investcorp Capital

Key Investment Highlights 

Key Investment Icon

Structural demand for private market alternatives driving attractive and secular growth

Key Investment Icon

Diversified and attractive set of private exposures

Key Investment Icon

Highly experienced leadership team

Key Investment Icon

Track record of Investcorp Group in delivering attractive returns across business strategies

Key Investment Icon

Access to capital financing services income

Key Investment Icon

Multi-layered income profile

For further information on Investcorp Capital, please refer to the UAE Prospectus and the IOM here.

Key Financials 

Diversification with multiple strategies

Diversification with multiple strategies

As of June 2023

Global spread

Global spread

As of June 2023

Multiple recurring income streams

Multiple recurring income streams

Illustrative FY 2024 income split excluding unrealized gains (losses) on asset fair value, gains (losses) on sale of assets and performance fee rebate income.

Recurring cash yield

Recurring cash yield

Calculated as (income from CFS + Cash yield on RE and GC) / Average asset exposure for CD and CFS

ROE

ROE

Return On Equity calculated as Profit For The Year / Total Equity

Cost to Income Ratio

ROE

Calculated as Operating expenses / Gross operating income

Dividend policy 

The expectation is that Investcorp Capital will pay a targeted annual cash dividend equivalent to 8% of net asset exposure (in equal instalments), subject to availability of distributable reserves, earnings and other relevant factors as determined by the Board. Dividends will be paid semi-annually, with the first payment expected in February 2024 and the second in October 2024, for the financial year ending 30 June 2024. For the financial years ending 30 June 2025 and 2026, Investcorp Capital intends to pay semi-annual cash dividends of at least 8 per cent (in equal instalments) based on the total net asset exposure as at 30 June, 2024 and 30 June, 2025 respectively.

If dividends in any period are less than the intended targeted amount, Investcorp Group will forgo its right to receive dividend payments to pay a pro rata amount to other shareholders, with the right to catch up in subsequent financial years. This right will lapse at the end of the financial year ending 30 June 2026.

Timeline
24 October 2023
Intention to Float Announcement
2 November 2023
Price Range Announcement & Offering Commencement
8 November 2023
Closing Date of First Tranche (pro rata allocation) offering
9 November 2023
Closing Date of Second Tranche (discretionary allocation tranche) offering
10 November 2023
Announcement of the Final Offer Price
13 November 2023
Allocation of the First Tranche
14 November 2023
SMS confirmation and Commencement of refunds to all successful First Tranche subscribers
17 November 2023
Expected date of Listing of the Shares on the Abu Dhabi Securities Exchange

IPO Information & Documents 

The Intention to Float for Investcorp Capital was confirmed on 24 October 2023. The above timeline is indicative and may be subject to change due to market conditions. As new information is available this website will be updated.

How to subscribe  

In the UAE, only Professional Investors may participate in Investcorp Capital’s listing and IPO. For definitions of Professional Investors and further details on eligibility, please refer to UAE Prospectus

Explore the IPO webpage and the UAE Prospectus to understand more about the Company. Once you have familiarized yourself with the company, you can make an informed investment decision.

In order to subscribe, you will need a National Investor Number with the Abu Dhabi Securities Exchange and a bank account number.

If you don’t have an ADX NIN, you can register for one through the following channels:

Platform
ADX ePortal Subscription at https://www.adx.ae/English/Pages/ProductsandServices/ipo.aspx

For all Types of Investors

Refer to the “ADX IPO ePortal Subscription Instructions” page and follow the instructions. Click on the IPO Subscription Link provided to subscribe for the First Tranche.

Please contact the ADX at 6005-239 (ADX)-23 or via email on [email protected] for any queries on the process.

ADX offices Timings: Mon-Thu (8:30 am – 3:00 pm) & Fri (8:30am-12:30pm)

Please refer to the Abu Dhabi Securities Exchange website for information on the process of registering for a National Investor Number at https://www.adx.ae/ or access the Abu Dhabi Securities Exchange FAQs.

On 2 November 2023, Investcorp Capital will announce the price range of its shares, and the offer commencement period will start for subscribers under the First Tranche (pro rata allocation tranche) and Second Tranche (discretionary allocation tranche).

The subscription application must be submitted to any of the Receiving Banks listed below and in the UAE Prospectus. You will need your ADX National Investor Number and your bank account number and full amount you wish to invest. This payment can be in the form of:

  • Certified bank cheque (Manager’s Cheque) drawn on a bank licensed and operating in the UAE, in favor of “Investcorp Capital PLC IPO”.
  • Debiting a Subscriber’s account with a Receiving Bank; or
  • Electronic subscriptions (please refer to the section on Electronic subscription in the UAE Prospectus)

Every subscriber must: (1) confirm that they have reviewed the terms and condition concerning the subscription in the Offer Shares of the First Tranche; (2) confirm and self-certify that they are a Professional Investor as defined in the SCA Board of Directors’ Chairman Decision No.13/R.M of 2021 (as amended from time to time) and that they are qualified to subscribe in the Offer Shares of the First Tranche.

For more information, please see the UAE Prospectus.

First Tranche (pro rata allocation tranche) investors will be allocated shares on a pro-rata basis.

Second Tranche (discretionary allocation tranche) investors will be allocated shares on a discretionary basis.

For First Tranche subscribers, once shares are allocated, any excess funds will be refunded.

RECEIVING BANKS

First Abu Dhabi Bank PJSC Call Center :
026161800
Emirates NBD Bank PJSC Call Center:
800 ENBD IPO (800 3623 476)
Mashreq Bank PSC Call Center:
04-424-4457
Email: [email protected]
Al Maryah Community Bank Call Center:
600 571 111