Farmiera IPO oversubscribed by 16.69 times

From left: Farmiera Bhd farm operations senior general manager Tan Chin Heng, executive director and deputy chief executive officer Tan Kok Cheong, managing director and chief executive officer Hong How Seng, Malacca Securities Sdn Bhd managing director Lim Chia Wei, corporate finance head Yap Siew Thee and corporate finance vice president Kenneth Ong Tsu Wei at the prospectus launch of Farmiera ahead of its planned listing on the ACE Market of Bursa Malaysia on Nov 12, 2025.

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, 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 bumiputra 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.