ManagePay Systems IPO Oversubscribed by 46.04 times



MPAY

ManagePay Systems Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 9.15 million shares. It was oversubscribed by 46.04 times. The IPO attract 6,858 applications or 430.50 million shares.

All the 32.9 million of new shares made available for private placement to identified investors have been placed out.

Below are the allotment summary

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 900 49 20 40.82 100
1000 1900 182 36 19.78 1000
2,000 2,900 60 12 20.00 1,000
3,000 3,900 60 13 21.67 1,000
4,000 5,900 117 26 22.22 1,000
6,000 10,900 328 78 23.78 1,000
11,000 19,900 682 174 25.51 2,000
20,000 49,900 1,728 470 27.20 3,000
50,000 99,900 1,715 505 29.45 4,000
100,000 199,900 1,433 451 31.47 7,000
200,000 499,900 395 133 33.67 10,000
500,000 999,900 90 32 35.56 15,000
1,000,000 ABOVE 19 8 42.11 30,000
6,858 1,958

Notices of Allotment will be dispatched by post to all successful applicants on or before 11th March 2011.  ManagePay Systems Berhad is expected to be listed on the ACE Market of Bursa Malaysia on 15th March 2011 under stock name “MPAY”.

Details information are available in Bursa Malaysia webpage.


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