UMediC IPO oversubscribed by 46.81 times

KUALA LUMPUR: Ace-Market bound UMediC Group Bhd’s public portion of its initial public offering (IPO) has been oversubscribed by 46.81 times.

The medical device manufacturer, in a statement, said a total of 7,888 applications for 893.92 million IPO shares from the Malaysian public, representing an oversubscription rate of 46.81 times.