CLIQ Energy Berhad Initial Public Offering (IPO) received an good response with its public portion of 10 million shares. It was oversubscribed by 7.34 times. The IPO attract 4,111 applications or 83.42 million shares.
A total of 402.4 million were being place out by way of placement to selected investors. In addition, 73.42 million from private placement portion transferred to retail portion. As such, 73.42 million shares were made available for retail portion and all retails applicants will received the exact number of shares that they apply.
Notices of Allotment will be dispatched by post to all successful applicants on or before 9th April 2013. CLIQ Energy is expected to be listed on the Main Market of Bursa Malaysia on 10th April 2013 under stock name “CLIQ”.
Details information are available in Bursa Malaysia webpage.
Do you success subscribe this IPO?
Yes, everyone who apply will get what they applied for. I only apply for small amount as I think it will be in red when listed. I’m going for long term. May collect more when listed. Hopefully, one day it will be like Hibiscus Petroleum.
Did you apply?
Yes….. why its saying that will get what they applied, they will get it? Hopefully wont drop much, as this company have such big potential at O&G field.
cause the shares in private placement are not fully subscribe, so the remaining shares are pass back to those retail investors.