Keyfield's IPO public issue oversubscribed 9.69 times

KUALA LUMPUR: Main Market-bound Keyfield International Bhd's initial public offering (IPO) received 9,339 applications for 427.7 million issue shares from the Malaysian public, representing an overall subscription rate of 9.69 times.

In a statement, Tricor Investor & Issuing House Services Sdn Bhd said the Bumiputera portion secured 5,067 applications for 172.62 million shares, representing an oversubscription rate of 7.63 times, while the public portion received a total of 4,272 applications for 255.08 million issue shares, for an oversubscription of 11.75 times.