Icon Offshore IPO Oversubscribed by 9.62 times



Icon Offshore BerhadIcon Offshore Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 50.6 million shares. It was oversubscribed by 9.62  times. The IPO attract 27,330 applications for 374.98 million shares.

The Institutional Price was fixed at RM1.85 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.85 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 75 4 5.33 100
300 900 74 7 9.46 300
1,000 1,900 745 80 10.74 1,000
2,000 2,900 555 65 11.71 2,000
3,000 3,900 939 120 12.78 3,000
4,000 5,900 1,453 200 13.76 4,000
6,000 8,900 3,575 520 14.55 6,000
9,000 10,900 356 54 15.17 8,000
11,000 19,900 1,476 249 16.87 9,000
20,000 49,900 1,193 210 17.60 20,000
50,000 99,900 355 185 52.11 30,000
100,000 199,900 215 125 58.14 40,000
200,000 499,900 45 28 62.22 50,000
500,000 999,900 6 4 66.67 60,000
1,000,000 ABOVE 1 1 100.00 70,000
11,063 1,852


Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 125 2 1.60 100
300 900 152 2 1.32 300
1,000 1,900 2,114 31 1.47 1,000
2,000 2,900 1,561 25 1.60 2,000
3,000 3,900 1,887 41 2.17 3,000
4,000 5,900 2,546 65 2.55 4,000
6,000 8,900 5,909 179 3.03 6,000
9,000 10,900 866 32 3.70 8,000
11,000 19,900 4,829 232 4.80 9,000
20,000 49,900 3,819 213 5.58 20,000
50,000 99,900 797 55 6.90 30,000
100,000 199,900 364 30 8.24 40,000
200,000 499,900 65 6 9.23 50,000
500,000 999,900 16 4 25.00 60,000
1,000,000 ABOVE 14 4 28.57 70,000
25,064 921



Notices of Allotment will be dispatched by post to all successful applicants on or before 24th June 2014. Icon Offshore is expected to be listed on the Main Market of Bursa Malaysia on 25th June 2014 under stock name “ICON”.

Details information are available in Bursa Malaysia webpage.


Leave a Comment

  • redwed 10th June, 2014, 5:55 pm

    What is tp for this one? Bright prospect same like umwog huh??

    Reply
    • 1mdb.com 10th June, 2014, 6:00 pm

      Target Price / Fair Value

      Hong Leong Investment Bank – RM2.08
      Kenanga Investment Bank – RM2.10
      Public Investment Bank – RM2.01
      RHB Investment Bank – RM2.10

      Reply
      • naim 11th June, 2014, 11:26 pm

        thank you mate!

        Reply