Bumi Armada IPO Oversubscribed by 9.50 times



Bumi Armada Berhad

Bumi Armada Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 58.6 million shares. It was oversubscribed by 9.50 times. The IPO attract 57,941 applications or 614.6 million shares.

The institutional IPO prices was fixed at RM3.03 per share. Accordingly, the final retail price was fixed at RM3.03 per shares. The refund of RM0.12 per share will be send to successful retail applicants by 10 market days.

29.3 million shares were allocated for Bumiputera category while 29.3 million shares were allocated for Malaysian Public category. Below are the allotment summary for public portion.

Allotment summary for Bumiputera portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 128 4 3.13 100
300 900 207 11 5.31 300
1,000 1,900 3,134 380 12.13 1,000
2,000 2,900 1,385 190 13.72 2,000
3,000 3,900 2,247 320 14.24 3,000
4,000 5,900 1,854 281 15.16 4,000
6,000 10,900 2,998 480 16.01 6,000
11,000 19,900 1,691 303 17.92 10,000
20,000 49,900 1,786 338 18.92 20,000
50,000 99,900 540 105 19.44 50,000
100,000 199,900 222 46 20.72 90,000
200,000 499,900 43 22 51.16 120,000
500,000 999,900 9 6 66.67 140,000
1,000,000 ABOVE 10 8 80.00 160,000
16,254 2,494

Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 256 3 1.17 100
300 900 525 8 1.52 300
1,000 1,900 10,590 119 1.12 1,000
2,000 2,900 5,313 100 1.88 2,000
3,000 3,900 5,718 120 2.10 3,000
4,000 5,900 5,799 199 3.43 4,000
6,000 10,900 10,341 420 4.06 6,000
11,000 19,900 8,085 412 5.10 10,000
20,000 49,900 6,088 366 6.01 20,000
50,000 99,900 1,641 119 7.25 50,000
100,000 199,900 595 52 8.74 90,000
200,000 499,900 112 13 11.61 120,000
500,000 999,900 26 10 38.46 140,000
1,000,000 ABOVE 5 4 80.00 160,000
55,094 1,945

Notices of Allotment will be dispatched by post to all successful applicants on or before 20th July 2011. Bumi Armada is expected to be listed on the Main Market of Bursa Malaysia on 21st July 2011 under stock name “ARMADA”.

Details information are available in Bursa Malaysia webpage.


Leave a Comment

  • xoxo 12th July, 2011, 3:56 pm

    why institutional price equal to retail..as long as im concern the retail price should be 5% lower than inst. price..just curious..

    Reply
  • 1mdb.com 12th July, 2011, 4:17 pm

    Discount is depending on IPO. Some IPO have 5%, some have 3% some does not have at all.

    Reply
  • xoxo 12th July, 2011, 4:19 pm

    oic.. thanks for ur explanation.. 🙂

    Reply
  • px 13th July, 2011, 2:23 pm

    thanks a lot for your insights in this blog. I find your comments here really helpful in assisting me to make the informed decision! 🙂 Continue your good work~

    Reply