Critical Holdings Berhad which is aiming for an IPO on the ACE Market has received overwhelming response from investors with its public porting of shares being oversubscribed.
Malaysian Issuing House has announced that the 18,587,000 Issue Shares made available for application by the Malaysian public have been oversubscribed by 88.08 times.
A total of 13,038 applications for 1,655,806,600 Issue Shares were received from the Malaysian public, representing an
overall oversubscription rate of 88.08 times. For the Bumiputera portion, a total of 7,379 applications for 739,259,700 Issue
Shares were received, representing an oversubscription rate of 78.55 times, while 5,659 applications for 916,546,900
Shares were received under the other Malaysian public portion, representing an oversubscription rate of 97.62 times.
In addition, 3,717,400 Issue Shares made available for application by the eligible directors and employees have been fully
subscribed.
MIDF Amanah Investment Bank Berhad, being the Principal Adviser, Sponsor, Underwriter and Placement Agent has
confirmed that the 46,467,400 Issue Shares made available by way of private placement to Bumiputera investors approved
by the MITI have been fully placed out. Adding on, 5,576,200 Issue Shares and 37,173,900 existing Shares made available
by way of private placement to selected investors have also been fully placed out.
The company targets to raise an estimated RM26.02 million via the issuance of 74,348,000 new shares at an IPO price of RM0.35 per share. Based on the Group’s enlarged share capital of 371.74 million shares and IPO price, the market capitalisation will be approximately RM130.10 million.
