OldTown IPO Oversubscribed by 10.76 times

2nd July, 2011

in Initial Public Offering

White Coffee

OldTown Berhad Initial Public Offering (IPO) received an good response with its public portion of 10 million shares. It was oversubscribed by 10.76 times. The IPO attract 9,366 applications or 117.6 million shares.

5 million shares were allocated for each Bumiputera and Malaysian Public category. In addition 2.35 million shares which initially allocated to Bumiputera investors approved by MITI were made available to Bumiputera category.

Below are the allotment summary.

Allotment summary for Malaysia Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 57 1 1.75 100
300 900 92 3 3.26 300
1000 1900 1,031 103 9.99 1,000
2,000 2,900 168 168 10.13 2,000
3,000 3,900 509 60 11.79 3,000
4,000 5,900 807 100 12.39 4,000
6,000 10,900 1,406 190 13.51 5,000
11,000 19,900 1.253 182 14.53 6,000
20,000 49,900 1,018 156 15.23 8,000
50,000 99,900 248 40 16.13 10,000
100,000 199,900 109 19 17.43 12,000
200,000 499,900 21 7 33.33 14,000
500,000 999,900 12 6 50.00 16,000
1,00,000 ABOVE 4 4 100.00 18,000
7,258 940

Allotment summary for Bumiputera Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 200 35 35 100.00 100
300 900 48 48 100.00 300
1000 1900 411 411 100.00 1,000
2,000 2,900 168 168 100.00 1,000
3,000 3,900 145 145 100.00 2,000
4,000 5,900 198 198 100.00 3,000
6,000 10,900 405 405 100.00 4,000
11,000 19,900 354 354 100.00 5,000
20,000 30,900 218 218 100.00 6,000
31,000 49,900 24 24 100.00 7,000
50,000 89,900 77 77 100.00 8,000
90,000 99,900 1 1 100.00 10,000
100,000 100,900 23 23 100.00 11,000
101,000 199,900 7 7 100.00 12,000
200,000 205,900 2 2 100.00 13,000
206,000 299,900 1 1 100.00 14,000
300,000 499,900 1 1 100.00 20,000
500,000 ABOVE 1 1 100.00 25,400
2,108 2,108

The table above is the summary of the full allotment table.

Notices of Allotment will be dispatched by post to all successful applicants on or before 12th July 2011. OldTown is expected to be listed on the Main Market of Bursa Malaysia on 13th July 2011 under stock name “OLDTOWN”.

Details information are available in Bursa Malaysia webpage.

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  3. Inari IPO Oversubscribed by 10.42 times
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  5. PeterLabs Holdings IPO Oversubscribed by 4.96 times
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  7. MSM Malaysia Holdings IPO Oversubscribed by 34.28 times
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{ 14 comments… read them below or add one }

Lim Ml Jenny July 3, 2011 at 10:36 am

That is really a good response. Can’t believe that The Old Town IPO received good feedback from the public.

But then, do you think that the oversubscribe of its IPO will lead to over price on its share price later on?

Will it be a good shares for long term investment.. :)

Reply

kingjoke July 3, 2011 at 4:26 pm

Not so confident. Recently many ipo from small companies not perform well. That sentiment might be over soon. Good luck to successful applicants :)

Reply

1-million-dollar-blog July 3, 2011 at 4:32 pm

I also not confident & way too much IPO now. I did not apply this. Good luck for those who manage to get it.

Reply

Pris July 4, 2011 at 11:41 am

Would like to ask about the Allotment Summary — what is the denomination from 100 to 200? Is it in term of “units” or “lot”?

Reply

max July 4, 2011 at 3:50 pm

A malaysian starbucks in the making!

Reply

1-million-dollar-blog July 4, 2011 at 8:11 pm

Pris, it is the number of units.

Reply

ahmad July 8, 2011 at 2:30 am

Oldtown bumi portion 100% chances, i applied 20,0000, 12,000yt,10,000yt n 12,0000 (wife&sons) via mbb atm…… what happen….semua koyak return yesterday!

Reply

ZURI July 8, 2011 at 2:38 am

maybe technical prob…..MIH

Reply

mac July 8, 2011 at 2:44 am

ai yo……. se table abuve(allotment 4 bumi) 100% chances ma… why x dapat

Reply

1-million-dollar-blog July 8, 2011 at 9:58 am

ahmad, yes it is 100% chance but you will not get 100% what you apply

Reply

Tengku July 11, 2011 at 11:37 am

Sepatutnya memang ada return tapi bukan full amount pasal you dah dapat beberapa lot la, see table above

Reply

TOHOI July 11, 2011 at 5:16 pm

SAMA NGAN KU…I APPLY 2000-2900 THRU MBB ATM….
TP KENA REJECTED JUGA….
TULIS 100%………APELAH NIIIIII……….

Reply

1-million-dollar-blog July 11, 2011 at 5:29 pm

TOHOI, for bumiputera you will get 100% chance but you will only get 1,000 units for your group. If you don’t get, maybe you disqualified for some reason such as nominee CDS account etc.

Reply

ahmad July 12, 2011 at 11:00 pm

I contact mih but depe kata tecnical prob mbb contact mbb nothing wrong…….ikut partial i and family dapat exactly 20,000 yt apa sudah jadi penangan ESA

Reply

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