Hiap Huat Holdings Bhd, a licensed waste oil recycler is scheduled to be listed in ACE Market of Bursa Malaysia on 26th November 2012.
The Initial Public Offering (IPO) consists of public issues of 85 million new ordinary shares at an IPO price of RM0.20 per share at RM0.10 par value.
Out of 85 million new ordinary shares, 50 million shares are for private placement to selected investors and 5 million shares for application by Malaysian public.
The IPO also offer for sale 50 million shares to selected investors.
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The demand for the Astro Malaysia IPO was very good. The institutional portion of the initial public offering has been oversubscribed by more than 20 times. On the retail front, it was oversubscribed by 6.08 times. Astro Malaysia IPO is the third largest this year behind FGV and IHH.
Various research houses give early target or fair prices for Astro Malaysia ahead of the listing day on 19th October 2012. All of them generally targeted higher than IPO subscription prices of RM3.00 per share in the range of RM3.09 to RM3.53. The average figure is RM3.25 or 8.4% higher than IPO price.
The table below is the compilation of target price / fair value from various research houses.
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Astro Malaysia Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 103.9 million shares. It was oversubscribed by 6.08 times. The IPO attract 57,259 applications or 735.9 million shares.
The Institutional Price was fixed at RM3.00 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM3.00 per Offer Share.
The IPO allocate 103.9 million shares for public. Of these, 51.97 million shares were allocated for Bumiputera category while 51.97 million shares were allocated for Malaysian Public category.
Below are the allotment summary for public portion.
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Astro Malaysia Holdings Berhad, a pay-TV firm controlled by tycoon Ananda Krishnan is scheduled to be listed in Main Market of Bursa Malaysia on the 19th October 2012. The Initial Public Offering (IPO) consists of 1.52 billion shares at an indicative IPO price of RM3.00 per share.
Out of these, 597.69 million shares will be offered to Bumiputra investors, 661.75 million shares to other institutional and selected investors, while 259.865 million shares will be offered to retail investors.
The institutional price will be determined by way of book building while for the retail application, it is payable at RM3.00 upon application. If the final retail price is lower, the difference will be refunded accordingly.
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The demand for the IGB REIT IPO was very good. The institutional portion of the initial public offering has been oversubscribed by more than 30 times and oversubscribed by 21.75 times by the Malaysian public. IGB REIT IPO is the forth largest this year behind FGV and IHH.
The dividend yield for the IGB REIT was likely to be 5.1% to 5.2% a year.
Various research houses give early target or fair prices for IGB REIT ahead of the listing day, tomorrow 21st September 2012. All of them generally targeted higher than IPO subscription prices of RM1.25 per share in the range of RM1.37 to RM1.45.
The table below is the compilation of target price / fair value from various research houses.
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