The issue is expected by the end of May.
Tambour will hold an IPO on the Tel Aviv Stock Exchange at a company value of NIS 400 million. The issue date and size has not yet been determined. Senior capital market sources said that the issue was expected by the end of May. Tambour produces and markets paints.
Poalim IBI Underwriting and Investments (TASE: PIU) and Leader Underwriters and Securities will probably lead the issue. The prospectus indicates that Tambour had an operating profit of NIS 35 million on NIS 400 million in revenue in 2003, and an annual net profit of NIS 25-30 million in recent years.
Published by Globes [online] - www.globes.co.il - on April 22, 2004