KUALA LUMPUR (July 5): Animal health and nutrition product maker Yenher Holdings Bhd said its initial public offering (IPO) of up to 106.9 million shares was oversubscribed, with the public portion of the listing oversubscribed by 13.8 times.

In a statement, the company said it received a total of 10,931 applications for 222.04 million shares.

Meanwhile, a total of 3,007 applications for 45.34 million IPO shares were received under the Bumiputera category, representing an oversubscription of 5.05 times, while 7,924 applications for 167.7 million shares were received under the other Malaysian public category, representing an oversubscription rate of 22.56 times.

The 15 million IPO shares made available for eligible directors and employees of the group as well as other persons who have contributed to the success of the group were fully subscribed.

The 38.69 million shares allocated for private placement to other institutional and selected investors approved by the Ministry of International Trade and Industry (MITI) has also been fully placed out.

“Pursuant to the terms set out in the prospectus of Yenher dated June 22, 2021, a total of 10,957,600 IPO shares which were initially reserved for application by Bumiputera investors approved by the MITI were clawed back and reallocated to the private placement to other institutional and selected investors,” the group said.

RHB Investment Bank Bhd is the sole principal adviser, sole underwriter and sole placement agent for the IPO.