Solid Automotive Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 7.5 million shares. It was oversubscribed by 9.83 times. The IPO attract 4,100 applications or 81.2 million shares.
Pursuant, to the terms of the prospectus, 4 million unsubscribed shares initially reserved for application by Bumiputera Investors were made available to the Bumiputera public.
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 | 60 | 60 | 100 | 100 |
| 1,000 | 1,900 | 74 | 74 | 100 | 1,000 |
| 2,000 | 2,900 | 46 | 33 | 71.74 | 2,000 |
| 3,000 | 3,900 | 42 | 31 | 73.81 | 3,000 |
| 4,000 | 5,900 | 92 | 69 | 75.00 | 4,000 |
| 6,000 | 10,900 | 227 | 173 | 76.21 | 5,000 |
| 11,000 | 19,900 | 492 | 383 | 77.85 | 6,000 |
| 20,000 | 49,900 | 393 | 312 | 79.39 | 8,000 |
| 50,000 | 99,900 | 89 | 72 | 80.90 | 11,000 |
| 100,000 | 199,900 | 40 | 33 | 82.50 | 15,000 |
| 200,000 | 499,900 | 18 | 15 | 83.33 | 20,000 |
| 500,000 | ABOVE | 1 | 1 | 100 | 20,000 |
| 1,574 | 1,256 | ||||
Allotment summary for Public portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 900 | 557 | 557 | 100 | 100 |
| 1,000 | 1,900 | 101 | 101 | 100 | 1,000 |
| 2,000 | 2,900 | 93 | 65 | 69.89 | 1,000 |
| 3,000 | 3,900 | 62 | 43 | 69.35 | 1,000 |
| 4,000 | 5,900 | 98 | 68 | 69.39 | 1,000 |
| 6,000 | 10,900 | 246 | 172 | 69.92 | 1,000 |
| 11,000 | 19,900 | 478 | 337 | 70.50 | 2,000 |
| 20,000 | 49,900 | 658 | 467 | 70.97 | 2,000 |
| 50,000 | 99,900 | 209 | 148 | 70.81 | 4,000 |
| 100,000 | 199,900 | 91 | 65 | 71.43 | 10,000 |
| 200,000 | 499,900 | 20 | 15 | 75.00 | 15,000 |
| 500,000 | 999,900 | 5 | 4 | 80.00 | 20,000 |
| 1,00,000 | ABOVE | 3 | 3 | 100 | 30,100 |
| 2,621 | 2,045 | ||||
Notices of Allotment will be dispatched by post to all successful applicants on or before 11th September 2013. Solid Automotive is expected to be listed on the Main Market of Bursa Malaysia on 12th September 2013 under stock name “SOLID”.
Details information are available in Bursa Malaysia webpage.