The shares of Aurelius Technologies Bhd has been oversubscribed by 20.27 times ahead of the Group’s listing on the Main Market of Bursa Malaysia Securities Berhad.
“We are extremely thankful for the trust that investors have in ATech, our business prospects and future plans. Our journey to be a one-stop solution for Electronics Manufacturing Services (EMS) provider has come a long way and has finally come to fruition,” said Executive Director and Group CEO of Aurelius Technologies Berhad, Lee Chong Yeow.
“As an EMS provider, we are encouraged by the overwhelming response to the IPO as it indicates that the market sentiment is positive for economic growth momentum to continue, which is important for the overall outlook of the electrical and electronics industry.”
ATech is raising RM104.73 million from the IPO exercise. From the proceeds, the Group will use RM40.0 million for the purchase of new machinery and equipment, RM29.52 million for the repayment of borrowings, RM28.13 million for working capital and RM7.09 million for the listing expenses.
“As we look towards the future, the expansion plan will give a boost to the growth of the Group’s business,” Mr. Lee explained. “This is also part of the strategy to increase our semiconductor component manufacturing and the upgrading of our manufacturing facilities with Industry 4.0 technologies.”
Following the completion of the bookbuilding process under the Institutional Offering by ATech, the Institutional Price has been fixed at RM1.36 per IPO Share. Accordingly, the final retail price for the Issue Shares under the Retail Offering has also been fixed at RM1.36 per Issue Share (“Final Retail Price”).
As the Final Retail Price equals to the Retail Price of RM1.36 per Issue Share, there will be no refunds made to the successful applicants under the Retail Offering.
A total of 14,253 applications for 380,958,800 Issue Shares with a value of RM518,103,968.00 were received from the Malaysian public for the 17,909,000 Issue Shares made available for application by Malaysian public, which represents an overall oversubscription rate of 20.27 times. For the Bumiputera portion, a total of 7,399 applications for 140,000,100 Issue Shares were received which represents an oversubscription rate of 14.63 times. For the public portion, a total of 6,854 applications for 240,958,700 Issue Shares were received which represents an oversubscription rate of 25.91 times.
The 5,000,000 Issue Shares available for application via Pink Application Form have been fully subscribed.
