KUALA LUMPUR: Poultry producer and distributor Farmiera Bhd’s initial public offering (IPO), held in conjunction with its listing on the ACE Market of Bursa Malaysia Securities Bhd, was oversubscribed by 16.69 times.
In a statement today, Tricor Investor & Issuing House Services Sdn Bhd, the issuing house for the IPO, said that a total of 6,554 applications for 397.99 million issued shares were received from the Malaysian public, compared with the 22.5 million shares made available for public subscription.
"For the Bumiputera portion, a total of 2,835 applications for 108.59 million issued shares were received, representing an oversubscription rate of 8.65 times.
"For the public portion, a total of 3,719 applications for 289.40 million issued shares were received, representing an oversubscription rate of 24.72 times,” it said.
The IPO involves a total of 117 million new shares, comprising 22.5 million issued shares for the Malaysian public, nine million issued shares for eligible directors, employees and persons who contributed to the success of the group and its subsidiaries, 29.25 million issued shares via private placement to selected investors, and 56.25 million issued shares via private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
"The nine million issued shares made available for eligible persons and the 85.5 million issued shares made available by way of private placement have been fully subscribed,” it added.
Tricor said notices of allotment would be posted to all successful applicants on Nov 10, 2025.
Malacca Securities Sdn Bhd is the principal adviser, sponsor, underwriter, and placement agent for the IPO. - Bernama
