IHH Healthcare Bhd, Asia’s biggest hospital operator is scheduled to be dual listed in Main Market of Bursa Malaysia and Singapore Stock Exchange on 25th July 2012.
The Initial Public Offering (IPO) consists of 2.23 billion shares. 1.39 billion are set aside for cornerstone investors and 498.01 million for local and foreign institutional investors.
A total of 208.51 million shares are allocated to retail investors and people who have contributed to the IHH group, including company staff and directors and business associates. The remaining 140.64 million shares are offered to retail investors in Singapore.
The retail price of the offering is RM2.85 and S$1.18 per share for Malaysia & Singapore offering respectively.
The final price will be equal to the institutional price. There will be a refund to the difference if the final retail price is less than the retail price.
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Gabungan AQRS Bhd, a construction and property developer is scheduled to be listed in Main Market of Bursa Malaysia on 31st July 2012.
The Initial Public Offering (IPO) consists of public issues of 62 million new ordinary shares and offer for sale of 30 million of existing shares for private placement at an IPO price of RM1.18 per share at RM0.25 par value.
Out of 62 million new ordinary shares, 38 million shares are for private placement to selected investors, 18 million shares for application by Malaysian public and the remaining 6 million shares are made available to directors, employees and business associates of Gabungan AQRS Berhad.
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OCK Group Bhd, a telecommunications network service provider is scheduled to be listed in ACE Market of Bursa Malaysia on 17th July 2012.
The Initial Public Offering (IPO) consists of public issues of 75 million new ordinary shares at an IPO price of RM0.36 per share at RM0.10 par value.
Out of 75 million shares, 58.5 million shares are for private placement to selected investors, 7 million shares for application by Malaysian public and the remaining 9.5 million shares are made available to employees and persons who have contributed to the group.
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FELDA Global Ventures Holdings (FGVH) was one of the most wanted IPO in 2012.
The demand for the IPO was very good. We can see that, the institutional portion of the initial public offering has been oversubscribed by 45 times. On the retails front, it was oversubscribed by 6.75 times.
For those who lucky enough to get the IPO or want to buy FGVH shares from the open market, you may want to look at target price / fair value.
Research houses give early target or fair prices for FGVH ahead of the listing date of 28th June 2012. Most of them generally targeted higher than IPO subscription prices & all of them aim higher than RM5.00. For comparison, the IPO price is RM4.45 for retail investors and RM4.55 for the institutional investors.
In average, the target price is approximately 24 percent higher than the IPO price. The table below is the compilation of target price / fair value from various research houses.
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FELDA Global Ventures Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 72.96 million shares. It was oversubscribed by 6.75 times. The IPO attract 58,526 applications or 565.4 million shares.
The Institutional Price was fixed at RM4.55 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM4.45 per Offer Share. The RM0.10 per Share difference will be refunded within 10 market days.
The IPO allocate 72.96 million shares for public. Of these, 36.48 million shares were allocated for Bumiputera category while 36.48 million shares were allocated for Malaysian Public category.
Below are the allotment summary for public portion.
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