Who is Bonyan for Development and Trade?
Bonyan is a real estate operating company focused on owning and leasing high-quality commercial properties in Egypt. It was founded in 2007. Bonyan owns and manages malls and office buildings across Cairo, with strong occupancy and dollar-linked rental income. The company is now moving towards becoming a publicly traded company on the Egyptian Exchange (EGX) through this IPO.
What is happening?
As part of its IPO, Bonyan is offering up to 362.9 million shares, divided into a private offering and a public offering. This move will allow new investors to become shareholders in the company.
You can subscribe to this IPO through the Thndr app.
This IPO is divided into:
- Public Offering: Up to 18.1 million shares
- Private Offering: Up to 344.8 million shares
For details on the private offering, visit this page
Public Offering Details
*The fair value was determined by the company through a 5% discount on 2024 Price to Book ratio and 10% discount on 2025 Price to Book ratio
The public offering is supported by a stabilization fund
This fund covers 100% of the public offering during the first 30 days of trading.
What is a stabilization fund?
If you’re not satisfied with the stock’s performance during the first 30 days of trading, you can use the stabilization fund to return your shares and recover your investment.
That means: if the stock price drops below the IPO price during that 30-day window, you can return your shares at the purchase price.
Please note:
- You can subscribe with up to 4 times the amount available in your Thndr wallet.
- 25% of your order value will be held until the order is executed.
How do I participate?
On the IPO start date:
- Open the Thndr app
- Go to the Explore tab
- Search for “BONY” or “Bonyan” and you’ll access the IPO page
- Place your order
- Your order will remain pending until the IPO closes
What is Oversubscription?
If the demand for shares is higher than the available supply, the IPO becomes oversubscribed. This means you’ll receive only a portion of the shares you requested.
Example:
You subscribe for 10,000 shares, and the IPO is 10x oversubscribed:
- Your requested shares: 10,000
- Oversubscription ratio: 10X
- Your allocation: 10,000 ÷ 10 = 1,000 shares
