Pavilion REIT IPO Oversubscribed by 7.49 times



Pavilion

Pavilion REIT (Real Estate Investment Trust) Initial Public Offering (IPO) received an overwhelming response with its public portion of 31 million units. It was oversubscribed by 7.49 times. The IPO attracted 9,446 applications or 232.3 million units.

In addition, 1.5 million units initially set aside for the Preferential Allocation were made available for balloting.

Institutional price was fixed at RM0.90 per unit & retail offering was fixed at RM0.88 per unit.

Below is the allotment summary.

Denomination No of Application No of Successful Application % Chance Units / Successful Applications
From to
100 200 109 7 6.42 100
300 900 93 10 10.75 300
1,000 1,900 749 114 15.22 1,000
2,000 2,900 671 108 16.10 2,000
3,000 3,900 526 90 17.11 3,000
4,000 5,900 970 175 18.04 4,000
6,000 10,900 1,517 291 19.18 5,000
11,000 19,900 1,589 321 20.20 10,000
20,000 49,900 1,873 399 21.30 20,000
50,000 99,900 732 165 22.54 40,000
100,000 199,900 449 107 23.83 60,000
200,000 499,900 114 28 24.56 80,000
500,000 999,900 41 21 51.22 100,000
1,00,000 Above 13 10 76.92 120,000
9,446 1,846

Notices of Allotment will be dispatched by post to all successful applicants on or before 6th December 2011. Pavilion REIT is expected to be listed on the Main Market of Bursa Malaysia on 7th December 2011 under the stock name “PAVREIT”.

Detail’s information is available in Bursa Malaysia webpage.


Leave a Comment

  • kingjoke 27th November, 2011, 8:10 am

    Sad i didnt get it. Reality is that % chance is hihger for rich people…i tot it should be otherwise

    Reply
  • 1mdb.com 28th November, 2011, 6:21 pm

    kingjoke, you could buy in the open market when it open providing the price don’t shot up too much.

    Reply
  • Ket Yeow 6th December, 2011, 2:03 pm

    Should be a good/reasonable buy at RM0.90-0.95…let’s see on Dec7…

    Reply