Bumi Armada Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 58.6 million shares. It was oversubscribed by 9.50 times. The IPO attract 57,941 applications or 614.6 million shares.
The institutional IPO prices was fixed at RM3.03 per share. Accordingly, the final retail price was fixed at RM3.03 per shares. The refund of RM0.12 per share will be send to successful retail applicants by 10 market days.
29.3 million shares were allocated for Bumiputera category while 29.3 million shares were allocated for Malaysian Public category. Below are the allotment summary for public portion.
Allotment summary for Bumiputera portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 200 | 128 | 4 | 3.13 | 100 |
| 300 | 900 | 207 | 11 | 5.31 | 300 |
| 1,000 | 1,900 | 3,134 | 380 | 12.13 | 1,000 |
| 2,000 | 2,900 | 1,385 | 190 | 13.72 | 2,000 |
| 3,000 | 3,900 | 2,247 | 320 | 14.24 | 3,000 |
| 4,000 | 5,900 | 1,854 | 281 | 15.16 | 4,000 |
| 6,000 | 10,900 | 2,998 | 480 | 16.01 | 6,000 |
| 11,000 | 19,900 | 1,691 | 303 | 17.92 | 10,000 |
| 20,000 | 49,900 | 1,786 | 338 | 18.92 | 20,000 |
| 50,000 | 99,900 | 540 | 105 | 19.44 | 50,000 |
| 100,000 | 199,900 | 222 | 46 | 20.72 | 90,000 |
| 200,000 | 499,900 | 43 | 22 | 51.16 | 120,000 |
| 500,000 | 999,900 | 9 | 6 | 66.67 | 140,000 |
| 1,000,000 | ABOVE | 10 | 8 | 80.00 | 160,000 |
| 16,254 | 2,494 | ||||
Allotment summary for Public portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 200 | 256 | 3 | 1.17 | 100 |
| 300 | 900 | 525 | 8 | 1.52 | 300 |
| 1,000 | 1,900 | 10,590 | 119 | 1.12 | 1,000 |
| 2,000 | 2,900 | 5,313 | 100 | 1.88 | 2,000 |
| 3,000 | 3,900 | 5,718 | 120 | 2.10 | 3,000 |
| 4,000 | 5,900 | 5,799 | 199 | 3.43 | 4,000 |
| 6,000 | 10,900 | 10,341 | 420 | 4.06 | 6,000 |
| 11,000 | 19,900 | 8,085 | 412 | 5.10 | 10,000 |
| 20,000 | 49,900 | 6,088 | 366 | 6.01 | 20,000 |
| 50,000 | 99,900 | 1,641 | 119 | 7.25 | 50,000 |
| 100,000 | 199,900 | 595 | 52 | 8.74 | 90,000 |
| 200,000 | 499,900 | 112 | 13 | 11.61 | 120,000 |
| 500,000 | 999,900 | 26 | 10 | 38.46 | 140,000 |
| 1,000,000 | ABOVE | 5 | 4 | 80.00 | 160,000 |
| 55,094 | 1,945 | ||||
Notices of Allotment will be dispatched by post to all successful applicants on or before 20th July 2011. Bumi Armada is expected to be listed on the Main Market of Bursa Malaysia on 21st July 2011 under stock name “ARMADA”.
Details information are available in Bursa Malaysia webpage.
why institutional price equal to retail..as long as im concern the retail price should be 5% lower than inst. price..just curious..
Discount is depending on IPO. Some IPO have 5%, some have 3% some does not have at all.
oic.. thanks for ur explanation.. 🙂
thanks a lot for your insights in this blog. I find your comments here really helpful in assisting me to make the informed decision! 🙂 Continue your good work~