KUALA LUMPUR: Saliran Group Bhd, en route to a listing on Bursa Malaysia’s ACE Market on March 13, has been oversubscribed by 76.03 times.
The company said it received 12,926 applications for 1.47 billion issue shares with a value of RM398.19 million from the public.
In a filing with Bursa yesterday, Saliran said that for the bumiputra portion, a total of 4,848 applications for 465.02 million issue shares were received, representing an oversubscription rate of 47.58 times.
“For the public portion, a total of 8,078 applications for 1.0 billion issue shares were received, representing an oversubscription rate of 104.49 times,” it said.
Saliran Group targets to raise RM21.71mil through its initial public offering (IPO), with the IPO priced at 27 sen per share.
