North star Meat merchants got the nod from the Securities and exchange commission (SEC) yesterday for its initial public offering.

It intends to do an Initial Public Offer of up to [392,000,000] Common Shares consisting of up to [360,000,000] Primary Common Shares and up to [32,000,000] Secondary Common Shares with an Over-allotment Option of up to [58,000,000] Secondary Common Shares.

The offer price for the IPO is initially set for Php10.0/share,  IPO total will be at Php 4.5Billion, 3.46 Billion from the offer of the primary shares for its cold chain infrastructure.

Sole issue manager is Banco de Oro and Joint lead underwriters include BDO Capital, Chinabank Capital, SB Capital and PNB Capital

According to its prospectus;

North Star is the leading and one of the largest pork and beef vendors in Modern Trade Channels in the Philippines1 . The Company prides itself on providing a full line up of pork and beef at affordable prices, nationwide. As of the date of this Prospectus, the Company has an authorized capital stock of ₱625,000,000.00 divided into 2,500,000,000 common shares with a par value of ₱0.25 per share, of which 1,440,000,000 common shares are issued and outstanding.

The Offer Shares shall be offered at a price of up to ₱10.00 per Offer Share (the “Offer Price”). The final Offer Price will be determined through a book-building process and discussion between the Company and BDO Capital & Investment Corporation (“BDO Capital”) as sole issue manager (the “Sole Issue Manager”), and together with BDO Capital, China Bank Capital Corporation (“China Bank Capital”), PNB Capital & Investment Corporation (“PNB Capital”) and SB Capital & Investment Corporation (“SB Capital”), collectively, the “Underwriters.” The Offer Shares will be listed and traded on the Main Board of The Philippine Stock Exchange, Inc. (the “PSE”) under the trading symbol “NSTAR”.

Up to [78,400,000] Firm Shares (or 20% of the Firm Shares) (the “Trading Participants Offer Shares”) are being offered in the Philippines through the PSE Trading Participants and up to 39,200,000 Shares (or 10% of the Firm Shares) (the “Retail Offer Shares”) are being offered in the Philippines to local small investors (“LSI”) under the Local Small Investors Program of the PSE (subject to reallocation as described below) (such shares, together, the “Trading Participants and Retail Offer Shares”, and such offer of Trading Participants and Retail Offer Shares, the “Trading Participants and Retail Offer”).

The initial request for the Offer Period shall start on May 30, 2022 up to  June 3, 2022

Majority of the proceeds will go to Capital Expenditures to expand Cold Chain Infrastructure, Increase Working Capital primarily to improve operational efficiencies, Expansion of Product lines and Research and Development to take advantage of our national distribution network

Item Photo	Cost (Php)	Item Description
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Click Here to View	1,399	OPPO Band B1 Bluetooth Watch 1.1-inch AMOLED Screen Continuous SpO2 Monitoring 50M Water Resistance
Click Here to View	5,290	realme C11 2021 (2+32GB)

The supermarket led by Billionaire Manny Villar is set to debut on the Philippine stock exchange (PSE) this October as its recent IPO request have been accepted by the Securities and Exchange commission. It will be listed on the PSE market with ticker symbol of “ALLDY”.

The company will try to rake in as much as 5.296 Billion upon fully subscription of its IPO. It plans to offer 6.9 Billion common shares and with an overallotment of 685.7Million. If overallotment is consumed the total IPO proceeds will reach more than 6 Billion pesos.

The offer price for ALLDAY mart is Php 0.8/share making it very attractive to small time retailers because it is quite affordable. Its line of products which includes basic needs will have no issue as well as this is a basic necessity product lines.

Allday IPO important dates include its Offer period from October 18-25, 2021 while its listing date will on November 3, 2021

Majority of the shares will be under Institutional investors taking in as much as 70% of the allocated IPO shares while small retailers will comprise of the remaining 30%. Breaking it down further will result to 20% allocation for trading participants while 10% for the retailers like us.

Minimum subscription for ALLDAY shares will be at multiple of 1,000 shares .

For Allday Mart background, currently it has 33 Supermarkets (located mostly in Cavite Area) in 25 cities and municipalities. Total floor space is now at 55,881. It recorded P4.5Billion in sales and P179.6million net profit in 1^st half  of 2021. This is Equivalent to 19.7% and 55.8%  y/y profits

Allday IPO proceeds will be utilize for;

•It will pay its debt and fund expenditures (77.5% or 4.1 Billion of proceeds for loan)

•It will expand its store network expansion (22.5% of IPO)

•Aims to have 45 stores by 2022 and 100 stores by 2026

As fat as the financial statement of ALLDAY, it has been earnings good income for the past years. 1st half for 2021 is more than 50% higher net income as compared to the same period last year.