Eversendai Corporation Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 30.2 million shares. It was oversubscribed by 7.26 times. The IPO attract 11,994 applications or 165.2 million shares.
The institutional IPO prices was fixed at RM1.70 per share. Accordingly, the final retail price was fixed at RM1.62 per shares, represent 5 percent discount to the institutional price. For retail application, the difference of RM0.08 will be despatched to successful retail applicants within 10 market days from the final ballot.
20 million shares were allocated for Malaysian Public category. Below are the allotment summary.
Allotment summary for Public portion
|Denomination||No of Application||No of Successful Application||% Chance||Share / Successful Applications|
Notices of Allotment will be dispatched by post to all successful applicants on or before 30th June 2011. Eversendai Corporation is expected to be listed on the Main Market of Bursa Malaysia on 1st July 2011 under stock name “SENDAI”.
Details information are available in Bursa Malaysia webpage.