Pasukhas Group Bhd, a Mechanical and electrical (M&E) engineering services provider is scheduled to be listed in ACE Market of Bursa Malaysia on 29th August 2012.
The Initial Public Offering (IPO) consists of public issues of 90 million new ordinary shares at an IPO price of RM0.12 per share at RM0.10 par value.
Out of 90 million new ordinary shares, 55 million shares are for private placement to selected investors, 10 million shares for application by Malaysian public and the remaining 25 million shares are made available to directors, employees and persons who have contributed to the group.
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Gabungan AQRS Berhad Initial Public Offering (IPO) received a fair response with its public portion of 18 million shares. It was oversubscribed by 0.51 times. The IPO attract 3,454 applications or 27.2 million shares.
Out of 18 million shares made available to the public, 9 million shares were allocated for each Bumiputera and Malaysian Public category.
Below are the allotment summary.
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IHH Healthcare Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 161.14 million shares. It was oversubscribed by 5.45 times. The IPO attract 65,834 applications or 1.04 billion shares.
The Institutional Price was fixed at RM2.80 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM2.80 per Offer Share. The difference of RM0.05 per IPO Share will be despatched to successful retail applicants within 10 market days from 16 July 2012.
The IPO allocate 208.51 million shares for public. Of these, 80.57 million shares were allocated for Bumiputera category while 80.57 million shares were allocated for Malaysian Public category.
Below are the allotment summary for public portion.
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IHH Healthcare was one of the most wanted IPO in 2012.
While there are many criticism that this IPO have very high PE Ratio, the demand for the IPO was very good. The institutional portion of the initial public offering has been oversubscribed by more than 100 times by 22 cornerstone investors.
On the retails front, the final date to apply for this IPO is today, 11th July 2012. For those who are still undecided, you may want to look at Target Prices / Fair Value of IHH Healthcare & make your decision. The dateline is until 5pm today
Various research houses give early target or fair prices for IHH Healthcare ahead of the listing date of 25th July 2012. All of them generally targeted higher than IPO subscription prices of RM2.85 per share. However, the target price is only marginally higher than IPO price unlike FGVH which listed last month.
The table below is the compilation of target price / fair value from various research houses.
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OCK Group Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 7 million shares. It was oversubscribed by 8.30 times. The IPO attract 3,087 applications or 65.06 million shares.
The IPO allocate 7 million shares for public. Of these, 3.5 million shares were allocated for Bumiputera category while 3.5 million shares were allocated for Malaysian Public category.
Below are the allotment summary for public portion.
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