Tambun Indah Land IPO Oversubscribed by 14.90 times



Tambun Indah Land Bhd (TILB) Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 11.05 million shares. It was oversubscribed by 14.9 times.

The IPO attract 10,751 applications or 175.7 million shares with a total value of RM123 million. For the Bumiputera portion, a total of 4,362 applications for 59.5 million shares were received which represents an oversubscription rate of 9.78 times.

The Public Issue and Offer for Sale exercise comprises;

1) Public Issue of 32.0 million New Ordinary shares of RM0.50 each comprising:

  • 11.05 million New Ordinary shares of RM0.50 each made available for application by the Malaysian Public.
  • 11.05 million New Ordinary shares of RM0.50 each made available for application by the eligible directors, employees and business associates of Tambun Indah Land Berhad and its subsidiaries
  • 9.9 million New Ordinary shares of RM0.50 each made available for application by identified investors via private placement.

2) Offer for Sale of 22.1 million ordinary shares of RM0.50 each made available for application by Bumiputera Investors to be approved by the Ministry of International Trade And Industry

  • For the 22.1 million shares made available by Bumiputera Investors approved by MITI, 20.0 shares were allocated. The balance of 2.1 million unallocated shares were made available for application by the Bumiputera Public.

Below is the allotment summary for Bumiputera portion

Denomination No of Application No of Successful Application % Chance Share / Successful Applications
From to
100 900 33 10 30.3 100
1,000 1,900 332 100 30.12 1,000
2,000 3,900 231 80 34.63 1,000
4,000 5,900 328 130 39.63 2,000
6,000 10,900 963 420 43.61 3,000
11,000 19,900 1,221 601 49.22 4,000
20,000 49,900 1,066 560 52.53 5,000
50,000 99,900 109 62 56.88 6,000
100,000 199,900 65 39 60.00 7,000
200,000 ABOVE 14 9 64.29 8,000
4,362 2,011


Below is the allotment summary for Public portion

Denomination No of Application No of Successful Application % Chance Share / Succesful
From to
100 900 51 10 19.61 100
1,000 1,900 523 78 14.91 1,000
2,000 3,900 626 89 14.22 1,000
4,000 5,900 560 89 15.89 2,000
6,000 10,900 1,589 260 16.36 3,000
11,000 19,900 2,204 380 17.24 4,000
20,000 49,900 2112 388 18.37 5,000
50,000 99,900 473 96 20.3 6,000
100,000 199,900 168 40 23.81 7,000
200,000 999,900 24 7 29.17 8,000
1,000,000 ABOVE 6 3 50 9,000
8336 1440


Notices of Allotment will be dispatched by post to all successful applicants on or before 17th January 2011.

Tambun Indah is expected to be listed on the Main Market of Bursa Malaysia on 18th January 2011.

Details information are available in Bursa Malaysia webpage.


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