Agmo IPO oversubscribed by 120.15 times
KUCHING: Malaysian Issuing House Sdn Bhd (MIH) recently announced that the initial public offering (IPO) of Agmo Holdings Bhd (Agmo) by the Malaysian public were oversubscribed by 120.15 times.
Agmo’s IPO comprises a public issue of 85 million new ordinary shares which were made available for application in the following manner: 16.25 million new shares available for application by the Malaysian public; 6.5 million new shares available for application by our eligible directors, key senior management, employees, and business associates of Agmo and its subsidiaries; and 62.25 million new shares available for private placement to selected investors.
A total of 14,277 applications for 1,968,708,500 new shares were received from the Malaysian public, representing an oversubscription rate of 120.15 times.
A total of 5,309 applications for 585,393,100 new shares were received under the Bumiputera category, representing an oversubscription rate of 71.05 times, whilst 8,968 applications for 1,383,315,400 new shares were received under the other Malaysian public category, representing an oversubscription rate of 169.25 times.
Meanwhile, the total of 6.5 million new shares available for application by eligible directors, key senior management, employees, and business associates of Agmo and its subsidiaries were fully subscribed.
The Placement Agent has confirmed that the 62.25 million new shares made available for application by way of private placement to selected investors have been fully placed.
Kenanga Investment Bank Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO exercise.
The notices of allotment will be mailed to successful applicants on or before August 17, 2022.