The plantation arm of financial-to-defence conglomerate Boustead Holdings Bhd priced its initial public offering (IPO) at RM1.60 a share.
That compared with an indicative price range of RM1.50 to RM1.60.
The institutional offering was oversubscribed by 12.4 times. Boustead Plantations plans to use the proceeds to expand its planted area to 100,000 hectares from 71,000 hectares by 2017 by buying plantation estates and reserve land mainly in Malaysia.
Affin Investment Bank, Credit Suisse and Maybank Investment Bank acted as the IPO's the global co-ordinators. – Reuters, June 12, 2014.
As at the close of application and payment for the Issue Shares made available for application by the Malaysian Public, a total of 30,787 applications for 448,046,400 Issue Shares were received from the Malaysian Public, which represents an oversubscription rate of 6.00 times.
32,000,000 Issue Shares have been set aside for allotment under the Bumiputera category which represents 50% of the Issue Shares offered for public subscription, while the balance of 32,000,000 Issue Shares were allotted under the Non-Bumiputera category. A total of 11,142 applications for 143,514,200 Issue Shares were received for the Bumiputera category which represents an oversubscription rate of 3.48 times. Meanwhile, under the Non-Bumiputera category, 19,645 applications for 304,532,200 Issue Shares were received representing an oversubscription of 8.52 times.
stkoay, I meant for future IPOs, to aid decision making whether to apply / qty to apply, any "insider review" on the prospects ? ...in a more serious manner :)
As I know, Malaysia IPO is separated total share allocation by race. then only imply the probability selection rule by interval range of application fund. if you are non-bumi, your chance is quite lesser n lesser to get the IPO. Suggest you tumpang Malay friend to apply...maybe the chances is higher...
Hi. I got MITI allocation and applied some thru CIMB and MBB. I was lucky enough to get some of it as well. However, only the units allocated via MITI were credited to my CDS, and didn't get any from the application thru both banks but the money has been deducted from my bank account. Is anyone else having the same problem with this counter? Any advise pls.. Thanks
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paoblocrk
101 posts
Posted by paoblocrk > 2014-05-31 20:59 | Report Abuse
I think this is a good IPO ... canbuy .. any thoughts?