PETALING JAYA: ACE Market-bound Kee Ming Group Bhd’s public portion of its initial public offering (IPO) was oversubscribed by 54.16 times ahead of its Feb 12, 2026 listing.
The mechanical and electrical engineering solutions provider’s IPO comprises 82.88 million ordinary shares, consisting of a public issue of 66.63 million new shares and an offer for sale of 16.25 million existing shares.
In a statement, Kee Ming said it received a total of 9,573 applications for 896.38 million IPO shares from the Malaysian public, resulting in an overall oversubscription rate of 54.16 times.
A total of 4,540 applications for 228.34 million IPO shares were received under the bumiputra portion, representing an oversubscription rate of 27.10 times.
TA Securities Holdings Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO, while Eco Asia Capital Advisory Sdn Bhd serves as financial adviser of the IPO.
