KUALA LUMPUR: Steel products maker Colform Group Bhd’s initial public offering (IPO) of 30 million shares has been oversubscribed by 41.82 times.
In a statement, the group announced that it received a total of 19,669 applications for 1.28 billion issue shares, valued at RM462.46mil, from the Malaysian public, reflecting an overall oversubscription rate of 41.82 times.
