Icon Offshore Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 50.6 million shares. It was oversubscribed by 9.62 times. The IPO attract 27,330 applications for 374.98 million shares.
The Institutional Price was fixed at RM1.85 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.85 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.
Below are the allotment summary.
Allotment summary for Bumiputera portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 200 | 75 | 4 | 5.33 | 100 |
| 300 | 900 | 74 | 7 | 9.46 | 300 |
| 1,000 | 1,900 | 745 | 80 | 10.74 | 1,000 |
| 2,000 | 2,900 | 555 | 65 | 11.71 | 2,000 |
| 3,000 | 3,900 | 939 | 120 | 12.78 | 3,000 |
| 4,000 | 5,900 | 1,453 | 200 | 13.76 | 4,000 |
| 6,000 | 8,900 | 3,575 | 520 | 14.55 | 6,000 |
| 9,000 | 10,900 | 356 | 54 | 15.17 | 8,000 |
| 11,000 | 19,900 | 1,476 | 249 | 16.87 | 9,000 |
| 20,000 | 49,900 | 1,193 | 210 | 17.60 | 20,000 |
| 50,000 | 99,900 | 355 | 185 | 52.11 | 30,000 |
| 100,000 | 199,900 | 215 | 125 | 58.14 | 40,000 |
| 200,000 | 499,900 | 45 | 28 | 62.22 | 50,000 |
| 500,000 | 999,900 | 6 | 4 | 66.67 | 60,000 |
| 1,000,000 | ABOVE | 1 | 1 | 100.00 | 70,000 |
| 11,063 | 1,852 | ||||
Allotment summary for Public portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 200 | 125 | 2 | 1.60 | 100 |
| 300 | 900 | 152 | 2 | 1.32 | 300 |
| 1,000 | 1,900 | 2,114 | 31 | 1.47 | 1,000 |
| 2,000 | 2,900 | 1,561 | 25 | 1.60 | 2,000 |
| 3,000 | 3,900 | 1,887 | 41 | 2.17 | 3,000 |
| 4,000 | 5,900 | 2,546 | 65 | 2.55 | 4,000 |
| 6,000 | 8,900 | 5,909 | 179 | 3.03 | 6,000 |
| 9,000 | 10,900 | 866 | 32 | 3.70 | 8,000 |
| 11,000 | 19,900 | 4,829 | 232 | 4.80 | 9,000 |
| 20,000 | 49,900 | 3,819 | 213 | 5.58 | 20,000 |
| 50,000 | 99,900 | 797 | 55 | 6.90 | 30,000 |
| 100,000 | 199,900 | 364 | 30 | 8.24 | 40,000 |
| 200,000 | 499,900 | 65 | 6 | 9.23 | 50,000 |
| 500,000 | 999,900 | 16 | 4 | 25.00 | 60,000 |
| 1,000,000 | ABOVE | 14 | 4 | 28.57 | 70,000 |
| 25,064 | 921 | ||||
Notices of Allotment will be dispatched by post to all successful applicants on or before 24th June 2014. Icon Offshore is expected to be listed on the Main Market of Bursa Malaysia on 25th June 2014 under stock name “ICON”.
Details information are available in Bursa Malaysia webpage.
What is tp for this one? Bright prospect same like umwog huh??
Target Price / Fair Value
Hong Leong Investment Bank – RM2.08
Kenanga Investment Bank – RM2.10
Public Investment Bank – RM2.01
RHB Investment Bank – RM2.10
thank you mate!