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;