For the public portion, a total of 10,572 applications for 1,335,016,700 new shares were received, which represents an oversubscription rate of 113.10 times, TT Vision said
KUALA LUMPUR: TT Vision Holdings Bhd
, which is scheduled to be listed on the ACE Market of Bursa Malaysia on Jan 18, has received an overall oversubscription rate of 89.15 times for its initial public offering (IPO).
In a statement yesterday, the company, which is principally involved in the development and manufacturing of machine vision equipment, said it offered 84.5 million new shares at an issue price of 34 sen per share.
“A total of 21,796 applications for 2,109,562,900 new shares with a value of RM717,251,386 were received from the public. For the bumiputra portion, a total of 11,224 applications for 774,546,200 new shares were received, which represents an oversubscription rate of 65.20 times,” it said.
For the public portion, a total of 10,572 applications for 1,335,016,700 new shares were received, which represents an oversubscription rate of 113.10 times.
Meanwhile, 18,100,000 new shares made available for application by eligible directors, employees and persons who have contributed to the TT Vision group have also been fully subscribed.
Additionally, the sole placement agent KAF Investment Bank Bhd has confirmed that the 53,500,000 shares made available for application by way of private placement have been fully placed out to selected investors.
The notices of allotment will be posted to all successful applicants on or before Jan 17, 2023.
TT Vision had said it aimed to raise RM28.7mil from its IPO. — Bernama
