Gagasan Nadi IPO oversubscribed by 20.2 times

Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

KUALA LUMPUR: Gagasan Nadi Cergas Bhd's public portion of its initial public offering (IPO) has been oversubscribed by 20.2 times.

In a statement today, the company said a total of 6,029 applications were received for 423.5 million shares, worth RM127mil, for its public tranche comprising 20 million shares made available for application.