Published on: March 26, 2024

How to buy Parkin IPO shares in Dubai

Author: Derar Hasn

How to buy Parkin IPO shares in Dubai
Table of Content
Why should you trade and invest in Parkin?
How do I buy Parkin IPO shares in Dubai? 
Why should retail investors invest in IPOs in general?
How do I buy Parkin IPO shares in Dubai? 
Tips for IPO investment in the UAE



Parkin's IPO performed remarkably as strong interest from investors and traders was immediately seen on the first day of its trading on the stock exchange! The entire IPO  felt like a déjà vu, like the surging demand and oversubscription craze from RTA’s previous offerings like Dubai Taxi IPO shares in Dubai. 


After the subscription period was complete, Parkin announced that the final offer price for its Initial Public Offering (IPO) was set at AED2.10 per share, allowing the company to raise approximately 1.57 billion dirhams ($427.5 million.) 


In sum, Parkin IPO saw overwhelming demand. It was oversubscribed by approximately 165 times, with investors showing keen interest amounting to about 259 billion dirhams from local, regional, and international investors. (Source: Reuters) 


Parkin’s CEO, Mohamed Al Ali, expressed excitement about the milestone moment and highlighted the company’s commitment to delivering long-term value. (Source: Emirates News Agency) 


Why should you trade and invest in Parkin? 


Parkin is the exclusive public parking operator in Dubai. Naturally, Parkin's IPO presents a compelling investment opportunity, buoyed by its dominant market position, robust financial performance, and alignment with Dubai's sustainable growth agenda.  


Here are some key facts about Parkin that may be of interest to traders and investors: 


Parkin holds a 100% share in the paid public parking market and 91% in the overall paid parking market. 

As the third IPO from the Roads and Transport Authority (RTA), following the successes of Salik and Dubai Taxi Company, Parkin enters the market with a strong legacy. 

Backed by a 49-year concession agreement with RTA, Parkin enjoys exclusivity in Dubai's public parking sector, providing long-term revenue stability and cash flows. 

With a capex-light business model and robust financial performance, including a 14% revenue growth in 2023 to AED 779 million, Parkin offers an attractive target dividend payout ratio and resilient margins. 

Parkin's growth prospects align with Dubai's ambitious economic plans and anticipated population surge, with strategies in place for expanding parking infrastructure, optimizing tariffs, and enhancing digitalization. 


Furthermore, Parkin's IPO is set to introduce a dividend strategy prioritizing investor return, offering a dividend yield of 5.5-6.5% based on last year's profits.  


With its valuation and compelling financial performance, Parkin aims to broaden its investor base and emerge as a formidable player in the Dubai Financial Market (DFM), leveraging its dominant position in Dubai's parking market to drive sustained growth and shareholder value. 


How do I buy Parkin IPO shares in Dubai?  


If you are eager to participate in this exciting venture from Parkin, you can actually buy Parkin IPO shares in Dubai through the amana app! 


Here's a quick guide to help you get started: 


Open an Account: If you haven't already, ensure you have an active trading account with amana. You can easily open one online through our website, by downloading our app, or by contacting our customer support ([email protected]). With amana, you can trade on our app, our amanaWeb or MetaQuotes MT4/MT5. 


Fund Your Account: Make sure you have sufficient funds in your trading account to purchase Parkin IPO shares. You can transfer funds securely through the various payment methods amana supports, like wire transfer, credit/debit card, Apple Pay, etc. 

Place Your Order: You can place your order to buy Parkin IPO shares through the amana trading platforms—amana app or amanaWeb. Ensure you follow the provided instructions carefully and enter the correct details. 


Monitor Your Investment: After successfully placing your order, keep an eye on your investment. You can track the status of your IPO allocation and monitor any updates related to Parkin's listing on the Dubai Financial Market (DFM)


Read more: 10 reasons to download the amana app 


Why should retail investors invest in IPOs in general? 


Retail investors should consider investing in IPOs for several reasons.  


Firstly, IPOs offer an opportunity to invest in promising companies at an early stage of their growth trajectory, potentially leading to substantial returns as the company expands.  


Secondly, IPOs can potentially diversify an investor's portfolio and provide exposure to sectors that may not be accessible through traditional investment avenues.  


Consequently, participating in an IPO allows retail investors to support companies they believe in and contribute to their growth story from the outset. 


Tips for IPO investment in the UAE 


Investing in IPO shares in Dubai can be an exciting opportunity for investors looking to capitalize on the region's dynamic market.  


Before diving in, it's essential to: 


conduct thorough research on the company going public; 

analyze its financials; 

study and understand its business model; 

and evaluate its growth prospects.  


It's also important to know about the IPO’s subscription process, including the subscription period, offer price, and allocation mechanism, to make informed investment decisions. 


Final Thoughts 


Thankfully, amana offers investors a seamless avenue to invest in various stocks like MENA stocks.  Also, with amana, traders can stay informed about upcoming IPOs, like the Parkin IPO, and potentially capitalize on promising opportunities in the market.  


Whether you're a seasoned investor or just starting, amana empowers you to invest confidently in IPOs, unlocking potential growth opportunities for your portfolio. 


And as far as Parkin IPO goes, buy Parkin stocks on amana app now


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