KUALA LUMPUR: MTT Shipping and Logistics Bhd’s (MTTSL) initial public offering (IPO) has been oversubscribed by 2.7 times, ahead of its listing on the Main Market of Bursa Malaysia.
The company said in a statement today that it received a total of 10,863 applications for 184.79 million IPO shares valued at RM190.33 million from the Malaysian public.
"For the bumiputera portion, a total of 3,893 applications for 54.14 million IPO shares were received, representing an oversubscription rate of 1.17 times,” it said.
For the public portion, a total of 6,970 applications for 130.65 million IPO shares were received, which represents an oversubscription rate of 4.23 times.
MTTSL said the 12.50 million IPO shares allocated to eligible persons were fully subscribed. A further 285.5 million shares offered to Malaysian and foreign institutional and selected investors have been fully subscribed.
In addition, 312.5 million IPO shares allocated to selected bumiputera investors approved by the Ministry of Investment, Trade and Industry have been fully subscribed after applying the relevant clawback and reallocation provisions as set out in the prospectus.
"The notice of allotment will be mailed to all successful applicants latest by April 17, 2026,” it added
CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter and joint underwriter for the IPO. - Bernama
