Eversendai Corporation IPO Oversubscribed by 7.26 times

23rd June, 2011

in Initial Public Offering

Eversendai

Eversendai Corporation Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 30.2 million shares. It was oversubscribed by 7.26 times. The IPO attract 11,994 applications or 165.2 million shares.

The institutional IPO prices was fixed at RM1.70 per share. Accordingly, the final retail price was fixed at RM1.62 per shares, represent 5 percent discount to the institutional price. For retail application, the difference of RM0.08 will be despatched to successful retail applicants within 10 market days from the final ballot.

20 million shares were allocated for Malaysian Public category. Below are the allotment summary.

Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 56 3 5.36 100
300 900 70 9 12.86 300
1000 1900 1,589 342 21.52 1,000
2,000 2,900 821 182 22.17 2,000
3,000 3,900 623 145 23.27 3,000
4,000 5,900 1,016 250 24.61 4,000
6,000 10,900 2,456 635 25.86 6,000
11,000 19,900 2,799 752 26.87 8,000
20,000 49,900 1,840 512 27.83 10,000
50,000 99,900 428 122 28.50 12,000
100,000 199,900 241 72 29.88 14,000
200,000 499,900 33 11 33.33 16,000
500,000 999,900 17 9 52.94 18,000
1,00,000 ABOVE 5 5 100.00 20,000
11,994 3,049

Notices of Allotment will be dispatched by post to all successful applicants on or before 30th June 2011. Eversendai Corporation is expected to be listed on the Main Market of Bursa Malaysia on 1st July 2011 under stock name “SENDAI”.

Details information are available in Bursa Malaysia webpage.

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{ 2 comments… read them below or add one }

TLing August 14, 2011 at 12:07 pm

Help…. I have not receive the cheque for SENDAI difference from MIH. Just wrote to symphony email address which is the general contact. Not sure how soon they will get back. Anyway I can speed up on my query?

Reply

1-million-dollar-blog August 16, 2011 at 8:55 am

TLing, why not you give them a call?

Reply

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