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Benalec IPO Oversubscribed by 4.92 times

10th January, 2011

in Initial Public Offering

Benalec Holdings Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 36.5 million shares. It was oversubscribed by 4.92 times.

The IPO attract 11,684 applications or 216 million shares. For the Bumiputera portion, a total of 4,296 applications for 73.5 million shares were received which represents an oversubscription rate of 3.03 times.

The Public Issue and Offer for Sale exercise comprises;

1) Public Issue of 100 million of New Ordinary shares of RM0.25 each comprising:

  • 36.5 million New Ordinary shares of RM0.25 each made available for application by the Malaysian Public.
  • 6.5 million New Ordinary shares of RM0.25 each made available for application by the eligible directors, employees.
  • 57 million New Ordinary shares of RM0.25 each for private placement.

2) Offer for Sale of 130 million of ordinary shares of RM0.25 each made available for application by Bumiputera Investors to be approved by the Ministry of International Trade And Industry

  • For the 73 million shares made available by Bumiputera Investors approved by MITI, 72.8 shares were allocated. The balance of 198,000 unallocated shares were made available for application by the Bumiputera Public.

Below is the allotment summary for Bumiputera portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 21 3 14.29 100
300 900 17 3 17.65 300
1000 1900 490 107 21.84 1000
2,000 2,900 248 56 22.58 2,000
3,000 3,900 254 60 23.62 3,000
4,000 5,900 376 93 24.73 4,000
6,000 10,900 882 229 25.96 6,000
11,000 19,900 792 213 26.89 10,000
20,000 49,900 828 232 28.02 20,000
50,000 99,900 243 72 29.63 50,000
100,000 199,900 100 31 31.00 80,000
200,000 499,900 38 13 34.21 150,000
500,000 999,900 5 5 100 200,000
1,000,000 ABOVE 2 2 100 250,000
4,296 1,119


Below is the allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 40 1 2.50 100
300 900 44 2 4.55 300
1000 1900 877 41 4.68 1000
2,000 2,900 589 27 4.75 2,000
3,000 3,900 621 36 5.80 3,000
4,000 5,900 846 59 6.97 4,000
6,000 10,900 2,044 144 7.05 6,000
11,000 19,900 2,247 166 7.39 10,000
20,000 49,900 2,094 157 7.50 20,000
50,000 99,900 632 56 8.86 50,000
100,000 199,900 276 28 10.14 80,000
200,000 499,900 83 13 15.66 150,000
500,000 999,900 17 17 100 200,000
1,000,000 ABOVE 7 7 100 250,000
5,121 824

Notices of Allotment will be dispatched by post to all successful applicants on or before 14th January 2011.

Benalec is expected to be listed on the Main Market of Bursa Malaysia on 17th January 2011.

Details information are available in Bursa Malaysia webpage.

{ 2 comments… read them below or add one }

kampunginvestor January 12, 2011 at 10:17 am

It has been a long time since i got myself involved in IPO. Always apply but never get. Very sien one leh… =.=!!

Reply

cityinvestor January 12, 2011 at 12:45 pm

failed to get this one. aiyoh~ :-(

Reply

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