Smartag Solutions IPO Oversubscribed by 268.06 times



Smartag

Smartag Solutions Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 2 million shares. It was oversubscribed by 268.06 times. The IPO attract 11,845 applications or 538.1 million shares.

For the Bumiputera portion, a total of 4,191 applications for 139.3 million shares were received which represents an oversubscription rate of 138.17 times while under the Malaysian public category 10,676 applications. 50 million shares made available for private placement have been fully place out.

Below are the allotment summary

Allotment summary for Bumiputera portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 900 50 10 20.00 100
1000 1900 177 38 21.47 1,000
2,000 2,900 66 14 21.21 1,000
3,000 3,900 108 24 22.22 1,000
4,000 5,900 218 48 22.02 1,000
6,000 10,900 653 152 23.28 1,000
11,000 19,900 686 159 23.18 1,000
20,000 49,900 1,370 319 23.28 1,000
50,000 99,900 425 99 23.29 1,000
100,000 199,900 310 74 23.87 1,000
200,000 499,900 107 27 25.23 2,000
500,000 ABOVE 21 6 28.57 3,000
4,191 970

Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 900 77 10 12.99 100
1000 1900 326 24 7.36 1,000
2,000 2,900 158 12 7.59 1,000
3,000 3,900 233 18 7.73 1,000
4,000 5,900 420 32 7.62 1,000
6,000 10,900 1,142 86 7.53 1,000
11,000 19,900 1,454 120 8.25 1,000
20,000 49,900 3,059 280 9.15 1,000
50,000 99,900 1,944 180 9.26 1,000
100,000 199,900 1,341 127 9.47 1,000
200,000 499,900 420 42 10.00 2,000
500,000 ABOVE 102 12 11.76 3,000
10,676 943

Notices of Allotment will be dispatched by post to all successful applicants on or before 12th April 2011.  Smartag Solutions Berhad is expected to be listed on the ACE Market of Bursa Malaysia on 18th April 2011 under stock name SMARTAG. Details information are available in Bursa Malaysia webpage.


Leave a Comment