Dancomech Holdings IPO Oversubscribed by 26.84 times



Dancomech HoldingsDancomech Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 7.5 million shares. It was oversubscribed by 26.84 times. The IPO attract 8,603 applications for 208.8 million shares. 0.76 million new shares initially reserve to the Bumiputera investors under MITI, were made available to Malaysian Bumiputera.

Notices of Allotment will be dispatched by post to all successful applicants on or before 20th July 2016. Dancomech Holdings Berhad is expected to be listed on the Main Market of Bursa Malaysia on 21st July 2016 under stock name “DANCO”.

Below are the allotment summary.

Allotment summary for Bumiputera portion

Denomination (unit) No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 52 6 11.54 100
300 900 17 3 17.65 300
1,000 1,900 66 6 9.09 1,000
2,000 2,900 86 10 11.63 1,000
3,000 5,900 159 20 12.58 2,000
6,000 10,900 482 66 13.69 4,000
11,000 19,900 980 144 14.69 5,000
20,000 49,900 2,605 448 17.20 6,000
50,000 99,900 301 56 18.60 7,000
100,000 199,900 139 27 19.42 8,000
200,000 499,900 50 10 20.00 9,000
500,000 999,900 9 5 55.56 10,000
1,000,000 ABOVE 3 3 100.00 11,000
4,949 804

Allotment summary for Public portion

Denomination (unit) No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 67 2 2.99 100
300 900 26 1 3.85 300
1,000 1,900 163 7 4.29 1,000
2,000 2,900 191 10 5.24 1,000
3,000 5,900 252 17 6.75 2,000
6,000 10,900 907 70 7.72 4,000
11,000 19,900 1,605 144 8.97 5,000
20,000 49,900 2,991 270 9.03 6,000
50,000 99,900 493 58 11.76 7,000
100,000 199,900 230 37 16.09 8,000
200,000 499,900 90 20 22.22 9,000
500,000 999,900 23 10 43.48 10,000
1,000,000 ABOVE 9 9 100.00 11,000
7,047 655



Details information are available in Bursa Malaysia webpage.


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