HOME improvement products and mass merchandise retailer Mr DIY Group (M) Bhd received 9,244 applications for 133.94 million shares valued at RM214.3 mil from the Malaysian public which represented an oversubscription of a mere 0.07 times.
This formed part of the company’s retail offering for a total of 169.94 million shares valued at RM271.9 mil that were received from the Malaysian public and eligible persons.
“The 36 million shares available for application by the eligible persons were fully subscribed,” issuing house Tricor Investor & Issuing House Services Sdn Bhd said on behalf of Mr DIY.
Elsewhere, applications under institutional offering received an oversubscription of 4.71 times from Malaysian and foreign as well as selected investors.
All-in, the total demand under the institutional offering and applications received under the retail offering represent an oversubscription of 3.91 times of the total 941.49 million shares.
Tricor said the final retail price for Mr DIY shares has been fixed at RM1.60 in accordance with the institutional price.
“As the final retail price equals the retail price of RM1.60 per issued share, there will be no refund to be made to successful applicants under the retail offering,” added the issuing house.
Mr DIY is en route to a listing on the Main Market of Bursa Malaysia on Oct 26. – Oct 16, 2020
