KUALA LUMPUR: THMY Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 35.57 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd, scheduled for Oct 23, 2025.
The Penang-based electrical and electronics company drew strong investor demand for its IPO, which comprises 143.91 million new shares and 88.8 million existing shares offered at 31 sen each, payable in full upon application.
"A total of 16,052 applications for 1.62 billion issue shares were received from the Malaysian public, resulting in an overall oversubscription rate of 35.57 times.
"Specifically, 7,560 applications for 642.06 million issue shares were received for the Bumiputera portion, representing an oversubscription rate of 27.92 times,” the company said in a statement today.
Meanwhile, 8,492 applications for 981.69 million issue shares were received for the other Malaysian public portion, reflecting an oversubscription rate of 43.22 times.
The company said 44.4 million issue shares were made available for application by the Malaysian public, while 23.53 million shares were allocated to eligible directors, employees and business associates, all of which have been fully subscribed.
Another 53.78 million shares were placed to selected investors, and 22.2 million shares were allocated to identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
In addition, the 88.8 million offer-for-sale shares were fully placed out to identified Bumiputera investors approved by MITI.
Affin Hwang Investment Bank Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO. - Bernama
