09-05-2025
- Business
- New Straits Times
Eco-Shop revises IPO price down to RM1.13
KUALA LUMPUR: Bursa Malaysia's main market-bound Eco-Shop Marketing Bhd has lowered its initial public offering price to RM1.13 per share, down from the earlier set price of RM1.21.
In a filing with Bursa Malaysia, the company said the final institutional and retail prices were determined through a bookbuilding process.
Consequently, investors who subscribed at RM1.21 will receive a refund of eight sen per share.
Eco-Shop received 18,308 applications from the public for a total of 225.2 million shares, worth about RM272.5 million, representing an oversubscription rate of 0.96 times.
For the Bumiputera portion, 4,674 applications were received for 38.37 million shares.
The non-Bumiputera portion received 13,634 applications for 186.83 million shares, reflecting an oversubscription rate of 1.44 times.
