KUALA LUMPUR: SKA Capital Bhd’s initial public offering (IPO) has been oversubscribed by 80.42 times ahead of its listing on the ACE Market of Bursa Malaysia slated on Nov 11, 2026.
In a filing with Bursa Malaysia, the power infrastructure engineering solutions provider said it received 25,026 applications for 3.64 billion shares at an issue price of 43 sen per share worth a total of RM1.57bil from the Malaysian public compared with 44.77 million shares made available for public subscription.
For the bumiputra portion, it said 12,133 applications for 1.38 billion shares were received, which represents an oversubscription rate of 60.84 times.
“For the non-bumiputra portion, 12,893 applications for 2.26 billion shares were received, which represents an oversubscription rate of 100 times,” it said. — Bernama
