The initial public offering (IPO) of RT Pastry Holdings Berhad (RT Pastry) in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad has received strong investor demand, with the public portion of the share offering oversubscribed by 59.96 times.
Malaysian Issuing House Sdn Bhd (MIH) announced that the IPO involved a public issue of 91.542 million new ordinary shares at an IPO price of RM0.18 per share.
The public issue comprised 16.96 million shares made available for application by Malaysian investors, including an allocation of 8.48 million shares for Bumiputera investors.
A total of 9,170 applications were received from the Malaysian public for 1.034 billion shares, resulting in an overall oversubscription rate of 59.96 times.
For the Bumiputera public portion, MIH received 2,303 applications for 182.71 million shares, representing an oversubscription rate of 20.55 times.
Meanwhile, the non-Bumiputera Malaysian public portion saw significantly stronger demand, with 6,867 applications for 851.24 million shares, translating into an oversubscription rate of 99.38 times.
KAF Investment Bank Berhad, which acts as the principal adviser, sponsor, underwriter and placement agent for the IPO, confirmed that the institutional and selected investor placement portion had been fully placed.
