RIYADH: Riyadh-based Scientific & Medical Equipment House will make its stock market debut on Saudi main index TASI on Feb. 28, the Saudi bourse said in a statement Feb. 24. The company, also known as SMEH, has set its final price at SR52 ($14) per share upon completion of the institutional book-building on Jan. 31. Institutional investors poured $84 million in an offering that was 65 times covered. The IPO of the healthcare firm was also 34 times oversubscribed by retail investors, going up to SR1.06 billion. The decision to list comes as the company aims to strengthen its position in the Kingdom’s operations, maintenance, and healthcare sector, SMEH’s chairman, Basel bin Saud Al Arifi, said in a statement earlier this year. Share sales in Saudi initial public offerings are seeing huge demand amid the IPO boom that started last year, with most of the offerings yielding oversubscription.