GB Bond Holdings Berhad announced that the Malaysian public portion of its initial public offering has been oversubscribed by 8.22 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia Securities Berhad on 1 October 2026.
The company received a total of 5,333 applications for 190,024,100 shares from the Malaysian public for the 20,615,000 shares made available under the public portion, representing an overall oversubscription rate of 8.22 times.
For the Bumiputera public portion, GB Bond received 2,241 applications for 67,444,100 shares, representing an oversubscription rate of 5.54 times.
For the other Malaysian public portion, GB Bond received 3,092 applications for 122,580,000 shares, representing an oversubscription rate of 10.89 times
GB Bond’s IPO comprises a public issue of 64,300,000 new ordinary shares and an offer for sale of 42,880,000 existing ordinary shares at an IPO price of RM0.25 per share.
The public issue is expected to raise gross proceeds of approximately RM16.08 million. Of the proceeds raised, RM5.50 million has been earmarked for the rental of a new factory and purchase of machinery, RM3.50 million for expansion into Vietnam, RM1.18 million for working capital, RM0.90 million for equipment for product formulation, RM0.50 million for marketing expenses and RM4.50 million for estimated listing expenses.
Upon listing, GB Bond will have an enlarged issued share capital of 412,300,000 shares, with a market capitalisation of approximately RM103.08 million based on the IPO price of RM0.25 per share.
Malacca Securities Sdn Bhd is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO exercise.
