IOI Properties Group Berhad IPO



IOI PropertiesIOI Properties Group Bhd, a property developer is scheduled to be listed in Main Market of Bursa Malaysia on 15th January 2014.

The Initial Public Offering (IPO) will be distributed in the following manner.

  • 2.1 billions of ordinary shares will be distributed to existing IOI Corporation Berhad shareholder on a basis of 1 IOI Properties Group shares for every 3 existing IOI Corporation held as at 5pm 23rd December 2013.
  • Offer for sale of 1.1 billion of ordinary shares to existing IOI Corporation Berhad shareholder on a basis of 1 IOI Properties Group shares for every 6 existing IOI Corporation held as at 5pm 23rd December 2013. The offer price is RM1.76 at RM1.00 par value.

IOI Properties will not be raising any funds from the listing exercise as it would not be issuing any new shares.

The demerger and listing of IOI Corp’s property arm look set to create the largest developer on Bursa Malaysia in terms of market capitalisation.

IOI Properties currently owns some 10,000 acres of land bank, with 95% in Malaysia and the rest in Singapore and China. The company  targets to have at least 10 new launches a year.

More information about IOI Properties Group can be found in their website.

For the time being, IOI Properties Group Berhad does not have any fixed dividend policy.

The table below is the financial summary for IOI Properties Bhd.

FYE June 2011 FYE June 2012 FYE June 2013
Revenue (RM’000) 1,171,181 1,052,220 1,323,259
Profit after Tax (RM’000) 765,558 610,937 713,603
Earnings per Share (sen) 22.39 18.52 21.41



AmInvestment Bank and RHB Investment Bank are  the principal adviser and joint global coordinators of the IPO.

The subscription period for the eligible IOI Corporation shareholder is opened until 2nd January 2014 at 5pm.

IOI Properties stock name in Bursa Malaysia is “IOIPG”.

View IOI Properties prospectus in Bursa Malaysia webpage.

What do you think about IOI Properties IPO?


Leave a Comment

  • Zulfadli 27th December, 2013, 12:14 pm

    Hmm.. So there no IPO application thru online banking?

    Reply
  • Loh SF 29th December, 2013, 12:49 pm

    Can we buy excess shares since the present arrangement leaves us with odd lots?

    Reply