KUALA LUMPUR: ES Sunlogy Bhd, en route to a listing on the ACE Market of Bursa Malaysia on Feb 20, saw its initial public offering (IPO) oversubscribed by 60.13 times.
The mechanical and electrical (M&E) engineering services and renewable energy solutions provider said it received 23,723 applications for 2.14 billion issue shares, valued at RM641.8mil, from the Malaysian public, representing an overall oversubscription rate of 60.13 times.
