PETALING JAYA: Vanzo Holdings Bhd’s 23.34 million shares to the Malaysian public for its initial public offering (IPO) were oversubscribed by 66.71 times.
Tricor Investor and Issuing House Services Sdn Bhd, in a statement, said the air fragrance maker had received a total of 16,713 applications for 1.58 billion IPO shares valued at RM237.02mil from the Malaysian public.
For the Bumiputera portion, a total of 8,310 applications for 615.1 million IPO shares were received, which represents an oversubscription rate of 51.71 times.
“For the public portion, a total of 8,403 applications for 965.07 million IPO shares were received, which represents an oversubscription rate of 81.70 times.
Meanwhile, 23.34 million issue shares made available for application by the eligible directors, employees and persons who have contributed to the group’s success have also been fully subscribed.
M&A Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for this IPO.
Eco Asia Capital Advisory Sdn Bhd is the financial adviser for this IPO.
