Boustead Plantations IPO Oversubscribed by 6 times



Boustead PlantationsBoustead Plantations Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 64 million shares. It was oversubscribed by 6  times. The IPO attract 30,787 applications for 448 million shares.

The Institutional Price was fixed at RM1.60 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.60 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.

Below are the allotment summary.

Allotment summary for Bumiputera portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 124 6 4.84 100
300 900 118 8 6.78 300
1,000 1,900 830 140 16.87 1,000
2,000 2,900 643 111 17.26 2,000
3,000 3,900 712 135 18.96 3,000
4,000 5,900 1,254 250 19.94 4,000
6,000 8,900 3,157 650 20.59 6,000
9,000 10,900 411 90 21.90 8,000
11,000 19,900 2,066 470 22.75 9,000
20,000 49,900 1,166 275 23.58 20,000
50,000 99,900 363 240 66.12 30,000
100,000 199,900 239 161 67.36 40,000
200,000 499,900 47 34 72.34 50,000
500,000 ABOVE 12 9 75.00 60,000
11,142 2,579


Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 212 6 2.83 100
300 900 225 8 3.56 300
1,000 1,900 2,603 110 4.23 1,000
2,000 2,900 1,848 195 5.14 2,000
3,000 3,900 1,893 120 6.34 3,000
4,000 5,900 2,668 210 7.87 4,000
6,000 8,900 5,456 480 8.80 6,000
9,000 10,900 1,229 119 9.68 8,000
11,000 19,900 5,729 615 10.73 9,000
20,000 49,900 4,337 495 11.41 20,000
50,000 99,900 995 125 12.56 30,000
100,000 199,900 474 91 19.20 40,000
200,000 499,900 85 45 52.94 50,000
500,000 999,900 30 16 53.33 60,000
1,000,000 ABOVE 12 9 75.00 70,000
27,796 2,544



Notices of Allotment will be dispatched by post to all successful applicants on or before 25th June 2014. Boustead Plantations is expected to be listed on the Main Market of Bursa Malaysia on 26th June 2014 under stock name “BPLANT”.

Details information are available in Bursa Malaysia webpage.


Leave a Comment

  • maillin 18th June, 2014, 9:36 am

    i got 200 lots….yahhoooooooo

    Reply
    • 1mdb.com 18th June, 2014, 9:43 am

      Congrats!!. I’m not so lucky did not get any for both Boustead & Icon Offshore.

      Reply
  • sophian 20th June, 2014, 3:21 pm

    Not yet my rezeki. been trying to buy IPO since january still didnt get any. Any tips how our application can be accepted? Thanks

    Reply
    • 1mdb.com 20th June, 2014, 3:31 pm

      Try again & never give-up. The trick is to apply as much as possible. If you see the table above, the more units you apply will give you higher chance of being successful. But you need a lot of capital though. If you are Bumi, why not applying through MITI.

      Reply
  • what is the tp for this counter 20th June, 2014, 5:57 pm

    What is the tp for this counter

    Reply