KUALA LUMPUR: Pentech Holdings Bhd's offer of 31 million shares to the Malaysian public has been oversubscribed by 120.98 times, according to AscendServ Capital Markets Services Sdn Bhd.
The initial public offering (IPO), held in conjunction with the company's listing on the ACE Market of Bursa Malaysia, was priced at 20 sen per share.
According to the issuing house, the IPO received 29,527 applications for 3.78 billion new shares, amounting to a total value of RM756.28mil.
The Bumiputera portion received 13,624 applications for 1.65 billion new shares, representing an oversubscription rate of 105.44 times, while the public portion recorded 15,903 applications for 2.13 billion new shares, achieving an oversubscription rate of 136.52 times.
Meanwhile, the 31 million new Shares allocated to the eligible directors and employees of the group and persons who have contributed to the success of the group were fully subscribed.
Additionally, the 32.5 million new shares by way of private placement to selected investors and 77.5 million new shares by way of private placement to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry have been fully placed out.
The notice of allotment will be mailed to all successful applicants latest by June 11, 2026.
Public Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent for the IPO.
