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Wednesday, July 17, 2013

Ranhill Energy and Resources Bhd IPO Balloting Result Table oversubscribed

Ranhill IPO oversubscribed 12.98 times. If you look at the subscription rate, chances of striking the IPO is very low. Saw from web site that if apply public 1,000 shares, the chances are 2.78% only.

1,000    2.78%
2,000     3.75%
3,000    4.89%
5,000    5.94%   get 4,000 shares only
10,000    6.75%   get 6,000 shares only
20,000  8.98%
100,000   36.36%.  get 60,000 shares only

The Bumiputra portion:
1,000    13.86%
20,000   19.71%
50,000  54.29%
100,000  74.65%   get 60,000 shares only

More info on Ranhill IPO here.

More info on IPO here.

Malaysian Issuing House Sdn Bhd ("MIH") is pleased to announce that the Ranhill's initial public offering ("IPO") to the Malaysian Public ("Public Retail Offering") comprising 19,235,320 new Shares has been oversubscribed and balloting of successful applications was conducted yesterday afternoon.

The institutional offering of up to 328,721,680 IPO Shares to Malaysian and foreign institutional and selected investors, including Bumiputera investors approved by the Ministry of International Trade and lndustry ("MITI") has closed.

The Institutional Price has been fixed at RM1.85 per Share on 15 July 2013. Accordingly, the final retail price is fixed at RM1.85 per Share.A total of 21,840 applications for 268,971,600 lssue Shares were received from the Malaysian public for a total of 19,235,320 lssue Shares available under the Public Retail Offering, representing an oversubscription rate of 12.98 times.

Notices of allotment for the Shares will be mailed to successful applicants at the address last maintained with Bursa Malaysia Depository Sdn Bhd, at such successful applicants' own risk, on or before July 30,2013.

Source: Bursa Malaysia

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