MSM Malaysia Holdings Berhad IPO institutional price fixed at RM3.50 per share today. The final retail price remains at RM3.38 per share, approximate 3.4% discount from its institutional price.
Under its retail offering of 28 million shares, 14 million shares made available to MSM employees and the other 14 million shares made available to the Malaysian public for subscription.
For the 14 million shares made available for public subscription, a total of 496 million applications shares with a value of RM1,677 million were received from the Malaysian public. This represents an overall oversubscription rate of 34.28 times.
Half of the Malaysian public portion or 7 million shares set aside for Bumiputera category was oversubscribed by 17.50 times with 130 million shares applications received under Bumiputera category. Another 50% or 7 million shares for non-bumiputera public category has been oversubscribed by 51.06 times with 366million shares applications received under this non-bumiputera public category.
Notices of allotment will be dispatched by post to all successful applicants on or before 24 June 2011.