KUALA LUMPUR: Solar photovoltaic system specialist JS Solar Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 48.32 times, ahead of its listing on the ACE Market of Bursa Malaysia on Sept 23, 2025.
JS Solar’s IPO entails a public issue of 78 million new shares at an issue price of 31 sen per share. This represents 24% of the enlarged issued shares, with RM24.18mil expected to be raised, according to Bernama.
In a filing with Bursa Malaysia, the company said it received a total of 8,567 applications for 801 million issue shares with a value of RM248.47mil, representing an overall oversubscription rate of 48.32 times.
“For the bumiputra portion, a total of 4,324 applications for 385.26 million issue shares were received, which represents an oversubscription rate of 46.42 times. For the non-bumiputra portion, a total of 4,243 applications for 416.26 million issue shares were received, which represents an oversubscription rate of 50.23 times,” it said.
