KUALA LUMPUR: Big Caring Group Bhd's initial public offering (IPO) has been priced at RM1.08 per share, with its public tranche oversubscribed 4.31 times ahead of its listing on Bursa Malaysia's Main Market.
The final retail price of RM1.08 matches the institutional price determined through the bookbuilding process, with no refund required for successful retail applicants.
Malaysian Issuing House Sdn Bhd said the public portion, comprising 147.64 million shares, received 29,474 applications for 783.75 million shares.
The Bumiputera portion attracted 7,266 applications for 142.85 million shares, representing an oversubscription rate of 0.94 times.
