Talabat, established in 2004, stands as a premier food and quick-commerce delivery platform in the Middle East and North Africa (MENA) region. Now planning an IPO, the company offers investors access to its substantial presence across nine countries, including the UAE, Kuwait, Saudi Arabia, Oman, Qatar, Bahrain, Jordan, Egypt, and Iraq. Through its advanced digital platform, Talabat connects 6 million active users with over 65,000 partner restaurants and retailers, supported by a robust fleet of more than 119,000 active riders.
Key Facts & Figures:
- Customer Base: 6+ million active users.
- Partner Network: 65,000+ active partners.
- Technology & Product Expertise: 480+ technology and product specialists.
- Delivery Fleet: Over 119,000 active riders ensuring efficient delivery operations.
Financial Highlights:
- Gross Merchandise Value (GMV): AED 19.8 billion.
- Adjusted EBITDA: AED 1.3 billion, underscoring profitability.
- Dividends: AED 367 million is proposed for Q4 2024, and AED 1.5 billion is projected for FY 2025.
- Free Cash Flow: AED 1.3 billion, with a cash conversion rate exceeding 90%.
Important Talabat IPO Dates
Key dates for Talabat IPO investors:
- Talabat IPO Subscription Opening & Price Range Announcement: November 19, 2024.
- Retail Subscription Closure: November 27, 2024.
- Final Pricing Announcement: November 29, 2024.
- Allocation & Refund Process: December 6, 2024.
- Dubai Financial Market (DFM) Listing: December 10, 2024.
How to Apply
Prospective investors must secure a National Investor Number (NIN) with the Dubai Financial Market (DFM). Applications can be processed through authorized institutions including Emirates NBD, ADIB, or FAB via digital banking platforms or physical branches. Additional channels include licensed brokers and the official IPO portal where applicable. Banking institutions also offer various financing options for interested investors, making it easier to subscribe to the Talabat IPO.
About Author:
Manoj Sureka is a seasoned expert in banking, finance, and business funding advisory. As the Managing Partner at Synergy Financial Consulting, he specializes in raising funds through private equity, debt, and trade finance, as well as advising on mergers, acquisitions, and joint ventures. Manoj’s insights into the Middle East market have made him a trusted voice in the industry, helping businesses and investors navigate complex financial landscapes.
manoj@consultsynergy.ae
