KUALA LUMPUR: The general public portion of the initial public offering (IPO) of  Aemulus Holdings Bhd, which is en route to list on the ACE Market of Bursa Malaysia on Sept 15, has been oversubscribed 13.05 times. 

In a statement yesterday, the Penang-based electrical and electronic (E&E) company said a total of 6,726 applications for 3.08 million IPO shares with a value of RM86.31 million were received from the Malaysian public for 21.94 million IPO shares made available for public subscription.

For the bumiputera part, 3,949 applications for 163.02 million IPO shares were received — an oversubscription of 13.86 times. For the public part, 2,777 applications for 145.23 million shares were received — an oversubscription of 12.24 times.

Its 13.17 million IPO shares available for directors and eligible employees are fully subscribed; the 96.57 million IPO shares for private placement to selected investors have also been fully placed out.

Aemulus’ IPO involves a public issue of 87.79 million new shares and an offer for sale of 43.89 million shares, at an offer price of 28 sen per share.  The notices of allotment will be mailed to all successful applicants on or before Sept 14.

This article first appeared in digitaledge Daily, on September 8, 2015.