Gas Malaysia IPO Oversubscribed by 21.64 times



GMB

Gas Malaysia Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 25.68 million shares. It was oversubscribed by 21.64 times. The IPO attract 44,561 applications or 581.4 million shares.

The Institutional Price was fixed at RM2.20 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM2.20 per Offer Share.

The IPO allocate 25.68 million shares for public. Of these, 12.86 million shares were allocated for Bumiputera category while 12.86 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
100 200 110 3 2.73 100
300 900 137 4 2.92 300
1,000 1,900 2,529 107 4.23 1,000
2,000 2,900 1,401 70 5.00 2,000
3,000 3,900 934 57 6.10 3,000
4,000 5,900 2,018 142 7.04 4,000
6,000 10,900 3,794 304 8.01 6,000
11,000 19,900 1,720 168 9.77 10,000
20,000 49,900 1,547 170 10.99 20,000
50,000 99,900 542 65 11.99 35,000
100,000 199,900 228 28 12.28 45,000
200,000 499,900 61 12 19.67 55,000
500,000 999,900 7 5 71.43 65,000
1,000,000 ABOVE 6 6 100 75,000
15,034 1,141


Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 197 3 1.52 100
300 900 291 4 1.37 300
1,000 1,900 6,374 80 1.26 1,000
2,000 2,900 3,986 60 1.51 2,000
3,000 3,900 3,025 55 1.82 3,000
4,000 5,900 4,809 101 2.10 4,000
6,000 10,900 8,858 221 2.49 6,000
11,000 19,900 7,174 200 2.79 10,000
20,000 49,900 5,809 180 3.10 20,000
50,000 99,900 1,751 65 3.71 35,000
100,000 199,900 735 36 4.90 45,000
200,000 499,900 165 9 5.45 55,000
500,000 999,900 25 5 20.00 65,000
1,000,000 ABOVE 12 6 50.00 75,000
43,211 1,025



Notices of Allotment will be dispatched by post to all successful applicants on or before 8th June 2012. Gas Malaysia is expected to be listed on the Main Market of Bursa Malaysia on 11th June 2012 under stock name “GASMSIA”.

Details information are available in Bursa Malaysia webpage.


Leave a Comment

  • Alan 31st May, 2012, 6:49 pm

    argh… i applied but didn’t pick me…. =.=
    but recently the ipo not very nice value. like prestech ipo. first day drop under ipo price. and a lot of new ipo.. drop below ipo price. hope u guys got luck on this.

    Reply
  • kampunginvestor 31st May, 2012, 8:56 pm

    I didn’t get it as well. Damm it… =,=!!!

    Reply
  • Arifin Abdul Latif 8th June, 2012, 8:03 pm

    Oversubscribed by ….. means nothing if there is insufficient $$$ floating around during the market opener ~ cos the market can at anytime turns bearish with indigestion from eurozone/us! I believe the 3 top shareholders will support the GASMSIA price but at what level is anybody’s guess! – that’s the sour scenario. Again, my fair day 1 price is around RM2.80 – give and take +/- 10 sen.

    Reply
  • kampunginvestor 12th June, 2012, 12:25 pm

    @arifin abdul latif: Sad to say that your prediction didn’t materialize. Lolx..

    Reply