KUALA LUMPUR: Camaroe Bhd
’s initial public offering (IPO) has been oversubscribed by 15.26 times ahead of its listing on the ACE Market of Bursa Malaysia on Oct 2, 2025.
The integrated aquaculture group, which farms and processes black tiger prawns, in a statement, said it received 3,487 applications for 402.4 million shares from the Malaysian public, representing an overall oversubscription rate of 15.26 times.
The Bumiputera portion was oversubscribed 6.83 times with 96.86 million shares applied for, while the remaining public portion was oversubscribed 23.69 times with 305.54 million shares.
All 61.87 million shares allocated to Bumiputera investors approved by MITI were fully taken up after clawback and reallocation.
The 12.38 million shares under Pink Form allocations were fully subscribed, while the 49.50 million shares offered via private placement were also fully placed out.
Managing director Teoh Han Boon said the positive response for the IPO validates the group’s integrated aquaculture model, established export track record and strategic roadmap.
“With the proceeds raised, we are committed to building our new Bukit Raja Processing Facility, enhancing our processing automation, and strengthening our sustainability efforts through installation of solar panels and the establishment of a biotechnology department.”
Meanwhile, M&A Securities Sdn Bhd managing director Datuk Bill Tan said the oversubscription of Camaroe’s IPO reflects investor confidence in the group’s fundamentals and growth prospects.
