Smartag Solutions Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 2 million shares. It was oversubscribed by 268.06 times. The IPO attract 11,845 applications or 538.1 million shares.
For the Bumiputera portion, a total of 4,191 applications for 139.3 million shares were received which represents an oversubscription rate of 138.17 times while under the Malaysian public category 10,676 applications. 50 million shares made available for private placement have been fully place out.
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 | 900 | 50 | 10 | 20.00 | 100 |
| 1000 | 1900 | 177 | 38 | 21.47 | 1,000 |
| 2,000 | 2,900 | 66 | 14 | 21.21 | 1,000 |
| 3,000 | 3,900 | 108 | 24 | 22.22 | 1,000 |
| 4,000 | 5,900 | 218 | 48 | 22.02 | 1,000 |
| 6,000 | 10,900 | 653 | 152 | 23.28 | 1,000 |
| 11,000 | 19,900 | 686 | 159 | 23.18 | 1,000 |
| 20,000 | 49,900 | 1,370 | 319 | 23.28 | 1,000 |
| 50,000 | 99,900 | 425 | 99 | 23.29 | 1,000 |
| 100,000 | 199,900 | 310 | 74 | 23.87 | 1,000 |
| 200,000 | 499,900 | 107 | 27 | 25.23 | 2,000 |
| 500,000 | ABOVE | 21 | 6 | 28.57 | 3,000 |
| 4,191 | 970 | ||||
Allotment summary for Public portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 900 | 77 | 10 | 12.99 | 100 |
| 1000 | 1900 | 326 | 24 | 7.36 | 1,000 |
| 2,000 | 2,900 | 158 | 12 | 7.59 | 1,000 |
| 3,000 | 3,900 | 233 | 18 | 7.73 | 1,000 |
| 4,000 | 5,900 | 420 | 32 | 7.62 | 1,000 |
| 6,000 | 10,900 | 1,142 | 86 | 7.53 | 1,000 |
| 11,000 | 19,900 | 1,454 | 120 | 8.25 | 1,000 |
| 20,000 | 49,900 | 3,059 | 280 | 9.15 | 1,000 |
| 50,000 | 99,900 | 1,944 | 180 | 9.26 | 1,000 |
| 100,000 | 199,900 | 1,341 | 127 | 9.47 | 1,000 |
| 200,000 | 499,900 | 420 | 42 | 10.00 | 2,000 |
| 500,000 | ABOVE | 102 | 12 | 11.76 | 3,000 |
| 10,676 | 943 | ||||
Notices of Allotment will be dispatched by post to all successful applicants on or before 12th April 2011. Smartag Solutions Berhad is expected to be listed on the ACE Market of Bursa Malaysia on 18th April 2011 under stock name SMARTAG. Details information are available in Bursa Malaysia webpage.