Reach Energy IPO Oversubscribed by 41.86 times

Reach Energy Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 20 million shares (together with 20 million warrants). It was oversubscribed by 41.86 times. The IPO attract 23,821 applications or 857.3 million shares.

Notices of Allotment will be dispatched by post to all successful applicants on or before 14th August 2014. Reach Energy is expected to be listed on the Main Market of Bursa Malaysia on 15th August 2014 under stock name “REACH”.

Below are the allotment summary.

Allotment summary for Bumiputera portion

Denomination (unit)		No of Application	No of Successful Application	% Chance	Share / Successful Applications
From	to
100	200	55	4	7.27	100
300	900	41	2	4.88	300
1,000	1,900	267	16	5.99	1,000
2,000	2,900	223	15	6.73	1,000
3,000	3,900	133	10	7.52	2,000
4,000	5,900	312	25	8.01	2,000
6,000	8,900	659	65	9.86	3,000
9,000	10,900	491	50	10.18	4,000
11,000	19,900	2,613	300	11.48	5,000
20,000	49,900	3,605	450	12.48	6,000
50,000	99,900	1,539	210	13.65	7,000
100,000	199,900	630	274	43.49	8,000
200,000	499,900	208	130	62.50	9,000
500,000	999,990	49	35	71.43	10,000
1,000,000	ABOVE	14	11	78.57	11,000
		10,839	1,597

Allotment summary for Public portion

Denomination (unit)		No of Application	No of Successful Application	% Chance	Share / Successful Applications
From	to
100	200	81	4	4.94	100
300	900	72	2	2.78	300
1,000	1,900	663	11	1.66	1,000
2,000	2,900	602	11	1.83	1,000
3,000	3,900	397	10	2.52	2,000
4,000	5,900	919	35	3.81	2,000
6,000	8,900	1,309	62	4.74	3,000
9,000	10,900	1,091	58	5.32	4,000
11,000	19,900	4,417	280	6.34	5,000
20,000	49,900	7,283	550	7.55	6,000
50,000	99,900	3,379	270	7.99	7,000
100,000	199,900	1,189	123	10.34	8,000
200,000	499,900	333	100	30.03	9,000
500,000	999,900	95	50	52.63	10,000
1,000,000	ABOVE	62	45	72.58	11,000
		21,892	1,611

Details information are available in Bursa Malaysia webpage.