PETALING JAYA: Big Caring Group Bhd’s initial public offering (IPO) has attracted strong investor demand, with its Malaysian public portion oversubscribed 4.31 times.
Malaysian Issuing House Sdn Bhd said 29,474 applications for 783.75 million shares were received for the 147.64 million shares available to the Malaysian public.
The other Malaysian public portion was oversubscribed 7.68 times, while the Bumiputera portion recorded an oversubscription rate of 0.94 times.
Of the 22,208 applications received for the other Malaysian public portion, 5,407 were successful.
The institutional offering of 1.61 billion shares was fully subscribed, with 19 cornerstone investors accounting for 41.2% of the offering.
The institutional and retail prices were fixed at RM1.08 per share.
