Initial Public Offering

Westport Holdings IPO Oversubscribed by 5.30 times

Westport HoldingsWestport Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 68.2 million shares. It was oversubscribed by 5.30  times. The IPO attract 32,835 applications for 429.8 million shares.

The Institutional Price was fixed at RM2.50 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM2.50 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.

Below are the allotment summary.

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Westport Holdings Berhad IPO

Westport HoldingsWestport Holdings Bhd, the operator of the country’s busiest port, is scheduled to be listed in Main Market of Bursa Malaysia on 18th October 2013.

The Initial Public Offering (IPO) consists of 813.19 million shares. 710.89 million are set aside for cornerstone/institutional investors and 102.3 million for Malaysian Public,employees and people who have contributed to the Westport group.

The retail price of the offering is RM2.50 per share at RM0.10 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.

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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.

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IPO Calendar & Legal Fees and Stamp Duty Calculator Update

 There is a new feature in 1-million-dollar-blog called IPO Calendar. This feature created specially for IPO lovers ( including me!) so that it is much easier to keep track & remember important IPO dates. The data for all IPOs in 2013 was filled in.

Check out IPO Calendar page & let me know if there is missing or inaccurate data by filling out the contact form.

On top of that, I also update Legal Fees and Stamp Duty Calculator to include Stamp Duty on loan. For bloggers or webmasters, if you would like to embed the calculator in your website kindly check the widgets page on how to do that. There are 7  types of calculators that you can choose.

Solid Automotive Berhad IPO

Solid AutomativeSolid Automotive Bhd, an automotive parts trader and distributor is scheduled to be listed in Main Market of Bursa Malaysia on 12th September 2013.

The Initial Public Offering (IPO) consists of public issues of 35.4 million new ordinary shares and offer for sale of 8.36 million ordinary shares at an IPO price of RM0.56 per share and RM0.50 par value.

Out of this, 7.5 million shares are allocated for application by Malaysian public and 9.8 million shares reserved for the eligible directors and person contribute to the group. The remaining shares are for private placement.

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