Ranhill IPO oversubscribed 12.98 times
In a statement today, Malaysian Issuing House Sdn Bhd (MIH) said 21,840 applications for 268.97 million shares were received from the public.

A total of 9.62 million shares was set aside for allotment under
Bumiputera category representing 50 per cent of total issue shares offered to the public while the remaining were set aside for non-Bumiputera investors.

"The Bumiputera category received 6,765 applications for 67.92 million shares which represent 6.06 times oversubscription rate while non-bumiputera category received 15,075 applications for 201.05 million shares, an oversubscription by 19.90 times," MIH said.
MIH said as the final retail price of RM1.85 per share equalled the retail price of RM1.85 per share set in the prospectus dated July 4,2013, no refund will be made to the successful applicants.

In addition, 59.043 million shares were reserved for directors and employees of Ranhill and its subsidiaries and also persons who have contributed to the success of the company (restricted offer), it said.

It said a total of 14.23 million that were not subscribed under restricted offer has been made available for subscription under public retail offering.-- Bernama

14.23 million shares or 24% of shares offered not taken up by the management/employees. Usually for restricted offer, money will not be a problem as banks are eager to offer financing.

What do they know that we don't know? 

price listed at 1.25 and is still at 1.25.

Wrong, AAX : low par value, a lot of shares in the market + overpriced liao, of course we can't get much.

because of the moratorium ... they cant sell ...... can sell only after 1 year .....

Yes.. means they not willing to keep for 1 year.....

Usually for IPO, hardly got leftover for restricted stock.

Again, something they know, we don't? 

Ranhill Power was taken private in 2011 for 530 Million, now re-list for RM 1 Billion. Woo hoo big pay day for someone...

my colleague's friend got a pink form. he offer my colleague some units.

is it true that pink form application has moratorium, can only sell after 1 year?

i) I think u got some typos. "%" should be not be there.

ii) The numbers don't match. Can anyone please clarify?

Overall Over-Subscription:
268,971,600 (Overall all Malaysian public Issue Shares received) / 19,235,320 (Issue Shares offered) = 13.98

Bumiputera Over-subscription:
67,923,700 (all Bumi category Issue Shares received) / 9,617,660 (Issue Shares offered) = 7.06

Non-Bumiputera Over-subscription:
201,047,900 (all Non-Bumi category Issue Shares received) / 9,617,660 (Issue Shares offered) = 20.90

simple la kawan.

its mathematics.

U see total shares available = 19,235,320 and total shares applied was 268,971,600

so Total - Must allocate = 268,971,600-19,235,320 = 249,736,280

so 249,736,280/19,235,320 = 12.98%

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to be honest, i dont even know why ranhill is oversubscribed 12.98%

it is already a well established organisation to be fair

not sure but i heard from someone that works in ranhill that the shares for pink form offered at RM1, maybe thats why.

Can u somehow double confirm the price for the pink form, tq

dont quote me on this, i was just having a chat with an old friend. i did not ask for papers..

(II) RETAIL OFFERING OF 78,278,320 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF RANHILL AND ITS SUBSIDIARIES (“RANHILL GROUP”), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE RANHILL GROUP AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.85 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN), IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE,