Cairo – Mubasher: The initial public offering (IPO) of e-finance For Digital and Financial Investments has been oversubscribed by 61.36 times.

Purchasing orders placed on the shares of e-finance included 1.58 billion shares, the Egyptian Exchange (EGX) said in a statement on Sunday. 

Earlier, the company has set the final price for its initial public and private offerings on the EGX at EGP 13.98 per share. 

In the first half (H1) of 2021, e-finance reported consolidated net profits of EGP 275.56 million, up by 80.7% year-on-year (YoY) from EGP 152.45 million in the prior-year period, including minority shareholders' rights.