Dubai: The family-owned Al Ansari Financial Services' IPO saw subscriptions hit Dh12.7 billion, with the final offer price set at Dh1.03 per share, which is at the top end of the price range. The company, which will list on DFM April 6, last week confirmed it was adding to the stake that retail investors will be getting - and demand from this category proved quite significant. 

The final stock price implies a market cap of Dh7.73 billion (or $2.1 billion) on listing at DFM. The Dh12.7 recorded by way of over-subscription saw Gulf-based investors joining in, and there was also National Bonds signing up to be a cornerstone investor. The over-subscription tally is 22x (excluding the cornerstone tranche).