KUALA LUMPUR: MyDCD Bhd's initial public offering (IPO) for its listing on the ACE Market of Bursa Malaysia has been oversubscribed by 36.46 times.
The company is scheduled to make its debut on the ACE Market on Nov 17, 2026.
A total of 28,816 applications for 3.36 billion shares were received from the Malaysian public for the 89.7 million shares available.
For the Bumiputera portion, 13,378 applications for 1.12 billion shares were received, representing an oversubscription rate of 24 times.
Meanwhile, the other Malaysian public portion attracted 15,438 applications for 2.24 billion shares, translating into an oversubscription rate of 48.92 times.
The IPO, priced at 56 sen per share, comprises a public issue of 335 million new shares and an offer for sale of 145 million existing shares.
The 36 million shares allocated to eligible directors, employees and persons who contributed to the group's success had been fully subscribed.
It added that all 354.3 million shares allocated for private placement to selected investors and Bumiputera investors approved by the Ministry of Investment, Trade and Industry had been fully placed out.
TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.
Notices of allotment will be mailed to successful applicants by Nov 12.
