For the public portion, 7,957 applications for 1.51 billion new shares were received, which represents an oversubscription rate of 66.56 times, it said in a filing with Bursa Malaysia today.
For the Bumiputera public portion, 4,969 applications for 565.7 million new shares were received, representing an oversubscription rate of 24.34 times.
In total, 12,926 applications for 2.07 billion new shares with a value of RM518.5 million were received from the Malaysian public representing an overall oversubscription rate of 45.45 times, it said.
Mercury is en route to a listing on the ACE Market of Bursa Malaysia on Sept 19.
Meanwhile, 22.32 million new shares made available for application by the eligible directors, employees and persons who have contributed to the company’s success have also been fully subscribed.
Its sole placement agent said 45.47 million new shares and 4.54 million existing shares made available for application by way of private placement to selected investors had been fully placed out.
Meanwhile, 44.65 million new shares and 66.97 million existing shares made available for application by way of private placement to Bumiputera investors approved by the investment, trade and industry ministry have been fully placed out.
Mercury Securities’s IPO comprised a public issue of 157.1 million new shares (17.59% of the enlarged issued shares) and an offer for sale of 71.51 million existing shares (8.01% of the enlarged issued shares), at an offer price of 25 sen per share.
The public issue was expected to raise RM39.27 million.
“We are grateful for the enthusiastic response from investors for our IPO. This reinforces the fact that our company’s fundamentals and prospects have been positively acknowledged,” managing director Chew Sing Guan said.
Upon its listing, Mercury Securities said it would have a market capitalisation of RM223.25 million, based on the IPO price and an enlarged issued share capital of 893 million shares.
Public Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent for this IPO.
An investment holding company, Mercury Securities through its wholly-owned subsidiary Mercury Securities Sdn Bhd is principally involved in the provision of stockbroking, corporate finance advisory services and related businesses.