KUALA LUMPUR: Crest Group Bhd’s initial public offering (IPO) of 43.28 million issue shares for the Malaysian public has been oversubscribed 73.88 times ahead of its ACE Market listing on Oct 9, 2024.
Priced at 35 sen per share, Crest aims to raise RM45.75mil.
In a statement yesterday, the group said 33,826 applications for 3.24 billion issue shares were received from the public.
Specifically, 15,594 applications for 1.18 billion issue shares were received for the bumiputra portion, representing an oversubscription rate of 53.41 times.
Meanwhile, 18,232 applications for 2.06 billion issue shares were received for the remaining public portion, representing an oversubscription rate of 94.35 times.
The 12.98 million issue shares available for eligible directors and employees have been fully subscribed. — Bernama
