KUALA LUMPUR: Topvision Eye Specialist Bhd
's initial public offering (IPO) of 15.49 million shares, held in conjunction with its listing transfer from the LEAP Market to ACE Market of Bursa Malaysia, has been oversubscribed 58.69 times.
In a statement, Tricor Investor & Issuing House Services Sdn Bhd said a total of 16,671 applications for 924.76 million shares with a value of RM305.17mil were received from the Malaysian public, who subscribed to the shares at a retail price of 33 sen apiece.
For the Bumiputera portion, a total of 8,210 applications for 381.75 million shares were received, which represents an oversubscription rate of 48.28 times.
Meanwhile, a total of 8,461 applications for 543 million shares were received for the public portion, which represents an oversubscription rate of 69.1 times.
All 4.8 million shares made available for application by the eligible directors, employees and persons who have contributed to the group’s success have been fully subscribed.
For the institutional offering, the sole bookrunner has confirmed that it has received interests to subscribe for the 33.93 million shares offered to institutional and selected investors.
The notices of allotment will be posted to all successful applicants on 12 December 2024.
Hong Leong Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole bookrunner for the public offering.
