PETALING JAYA: OGX Group Bhd’s initial public offering (IPO) ahead of its ACE Market listing on March 12, 2026, has been oversubscribed by 10.11 times.
The information technology or IT infrastructure solutions specialist received a total of 7,051 applications for 416.8 million issue shares worth RM145.88mil from the Malaysian public for the 37.5 million shares allocated under the public portion.
For the bumiputra public portion, 3,887 applications for 199.5 million shares were received.
This represented an oversubscription rate of 9.64 times.
Meanwhile, the public portion saw 3,164 applications for 217.29 million shares, translating to an oversubscription rate of 10.59 times.
The 18.75 million shares allocated to eligible directors, employees and persons who have contributed to the success of OGX were fully subscribed.
In addition, the 75 million shares offered via private placement to institutional and selected investors have been fully placed out.
Additionally, UOB Kay Hian (M) Sdn Bhd, the placement agent, confirmed that 18.75 million new shares and 75 million offer shares allocated to bumiputra investors approved by the Investment, Trade and Industry Ministry were fully subscribed.
The IPO involves the public issue of 150 million new shares at an issue price of 35 sen each, alongside an offer for sale of 75 million existing shares, in conjunction with the company’s ACE Market listing.
UOB Kay Hian is the principal adviser, sponsor, underwriter and placement agent for the IPO.
