KUALA LUMPUR: MM Computer Systems Bhd’s (MMCS) initial public offering (IPO) has been oversubscribed by 42.12 times ahead of its listing on the ACE Market of Bursa Malaysia, slated on June 11, 2026.
In a filing with Bursa Malaysia, the information technology solutions provider said a total of 15,363 applications for 1.22 billion issue shares, valued at RM268.95 million, were received from the Malaysian Public for 28.35 million issue shares made available for application.
"For the bumiputera portion, a total of 6,358 applications for 365.80 million issue shares were received, which represents an oversubscription rate of 24.81 times.
"For the non-bumiputera portion, a total of 9,005 applications for 856.73 million issue shares were received, which represents an oversubscription rate of 59.44 times,” it said.
The group said that 28.35 million issue shares allocated to eligible persons have been fully subscribed.
MMCS said that the 38.77 million issue shares made available via private placement to selected investors have also been fully allotted.
It said 70.88 million IPO shares allocated to selected bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI) have been fully placed out after applying the relevant clawback and reallocation provisions set out in the prospectus.
Under the private placement exercise, a total of 100.90 million IPO shares, comprising 62.30 million issue shares and 38.60 million offer shares, were allocated to 314 investors, including selected investors and selected bumiputera investors approved by MITI, it added. - Bernama
