PETALING JAYA: iCents Group Holdings Bhd
’s initial public offering (IPO) has been oversubscribed by 2.3 times ahead of its listing on the ACE Market of Bursa Malaysia on July 17.
In a statement, the cleanroom and other facility services provider said its IPO entails a public issue of 112.5 million new ordinary shares at an issue price of RM0.24 per share, representing 22.5% of the enlarged issued share capital with RM27mil expected to be raised.
Additionally, there is an offer for sale of 30 million existing shares, representing 6% of the enlarged issued share capital, by way of private placement to selected investors.
“In respect of the 25 million issue shares allocated to the Malaysian public, iCents Group has received a total of 1,266 applicants for 82.39 million issue shares with a value of approximately RM19.77mil.”
