Solid Automotive IPO Oversubscribed by 9.83 times



Solid Automative

Solid Automotive Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 7.5 million shares. It was oversubscribed by 9.83 times. The IPO attract 4,100 applications or 81.2 million shares.

Pursuant, to the terms of the prospectus, 4 million unsubscribed shares initially reserved for application by Bumiputera Investors were made available to the Bumiputera public.

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 60 60 100 100
1,000 1,900 74 74 100 1,000
2,000 2,900 46 33 71.74 2,000
3,000 3,900 42 31 73.81 3,000
4,000 5,900 92 69 75.00 4,000
6,000 10,900 227 173 76.21 5,000
11,000 19,900 492 383 77.85 6,000
20,000 49,900 393 312 79.39 8,000
50,000 99,900 89 72 80.90 11,000
100,000 199,900 40 33 82.50 15,000
200,000 499,900 18 15 83.33 20,000
500,000 ABOVE 1 1 100 20,000
1,574 1,256

Allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 900 557 557 100 100
1,000 1,900 101 101 100 1,000
2,000 2,900 93 65 69.89 1,000
3,000 3,900 62 43 69.35 1,000
4,000 5,900 98 68 69.39 1,000
6,000 10,900 246 172 69.92 1,000
11,000 19,900 478 337 70.50 2,000
20,000 49,900 658 467 70.97 2,000
50,000 99,900 209 148 70.81 4,000
100,000 199,900 91 65 71.43 10,000
200,000 499,900 20 15 75.00 15,000
500,000 999,900 5 4 80.00 20,000
1,00,000 ABOVE 3 3 100 30,100
2,621 2,045


Notices of Allotment will be dispatched by post to all successful applicants on or before 11th September 2013. Solid Automotive is expected to be listed on the Main Market of Bursa Malaysia on 12th September 2013 under stock name “SOLID”.

Details information are available in Bursa Malaysia webpage.


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