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Powerwell IPO oversubscribed 24 times

KUALA LUMPUR: The initial public offering (IPO) of Powerwell Holdings Bhd has been oversubscribed by 24.27 times, with a total of 7,219 applications for 601.38 million shares with a value of RM150.34mil received from the Malaysian public for 23.8 million issue shares.KUALA LUMPUR: The initial public offering (IPO) of Powerwell Holdings Bhd has been oversubscribed by 24.27 times, with a total of 7,219 applications for 601.38 million shares with a value of RM150.34mil received from the Malaysian public for 23.8 million issue shares.