Elsa Berhad informed that its Malaysian public portion of its IPO has been oversubscribed by 26.92 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad.
Based on the official balloting figures, the Group received a total of 9,090 applications for 751,628,100 shares, representing a total application value of RM172.87 million for the 26,920,000 shares made available for application by the Malaysian public.
For the Bumiputera portion, a total of 4,896 applications were received for 276,643,300 shares, translating to an oversubscription rate of 19.55 times. For the remaining Malaysian public portion, 4,194 applications were submitted for 474,984,800 shares, representing an oversubscription rate of 34.29 times
Malacca Securities Sdn Bhd is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO. Elsa is scheduled to list on the ACE Market of Bursa Malaysia Securities Berhad on 16 June 2026 under the stock short name ELSA and stock code 0458.
