KUALA LUMPUR: One-stop food processing and packaging machinery solutions provider, EPB Group Bhd’s initial public offering (IPO) of 19.57 million shares made available for the public has been oversubscribed by 61.08 times.
The group received a total of 25,756 applications for 1.21 billion public issue shares worth RM680.3mil from the Malaysian public, representing an oversubscription rate of 61.08 times.
The bumiputra category saw 11,850 applications for 456.2 million public issue shares, with an oversubscription rate of 45.63 times.
Meanwhile, the public category recorded 13,906 applications for 758.6 million public issue shares, indicating an oversubscription rate of 76.53 times.
Managing director Yeoh Chee Min expressed appreciation for the overwhelming response to the IPO, noting that this significant occasion reflects the market’s confidence in EPB’s strategic direction and potential.
