Reach Energy IPO Oversubscribed by 41.86 times



Reach Energy BerhadReach 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.


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