Ace market bound Master Tec saw a total of 7,276 applications of 413,647,100 IPO Shares with a value of RM161,322,369 from the Malaysian Public for the 51,000,000 IPO Shares made available, this represents an oversubscription rate of 7.11 times.
Of the total shares, 25,500,000 IPO Shares have been set aside for allotment under the Bumiputera Malaysian Public category which represents 50.00% of the IPO Shares available for application by the Malaysian Public. The remaining 25,500,000 IPO Shares were allotted under the Malaysian Public category.
Under the Bumiputera Malaysian Public category, a total of 2,475 applications for 80,304,700 IPO Shares were received, which represents an oversubscription rate of 2.15 times. Under the other Malaysian Public category, a total of 4,801 applications for 333,342,400 IPO Shares were received, which represents an oversubscription rate of 12.07 times.
