1st listing after GE13 or Malakoff list first

Following AK style

yet still the public fall for it whenever there's Re-listing IPO

Where you heard the pricing would be rm1.85?

rm1.85 murah ke??

Got any "personal" analysis on this IPO.

Apply, Skipped or Wait until closing date?

Funds Snap Up Ranhill Energy IPO Shares

Institutional investors snapped up the shares being offered by Malaysia’s Ranhill Energy and Resources Bhd, a rare success story in Asia’s dismal IPO market.

“It’s already oversubscribed across the range,” said Patrick Tan, head of regional equity capital markets at CIMB Investment Bank Bhd at a news conference after the launch of Ranhill’s IPO prospectus.

The presence of four cornerstone investors — Corston-Smith Asset Management Sdn Bhd, Eastspring Investment Bhd, Hwang Investment Management Bhd and the Pilgrims Fund Board which took 118.27 million shares, or 12.3 percent of the company's enlarged share capital. The four pledged to hold their shares for at least 90 days after the listing, reducing risk of an immediate plunge.

This post has been edited by davinz18: Jul 4 2013, 04:35 PM

RANHILL ENERGY AND RESOURCES BERHAD

Opening of application 04/07/2013

Closing of application 11/07/2013

Balloting of applications 15/07/2013

Allotment of IPO shares to successful applicants 29/07/2013

Tentative listing date 31/07/2013

Retail application Officially closed.

Good luck guys

If unsuccessful, can try others IPO. This year got lot "money collection exercise" @ IPO coming out

Ranhill Energy and Resources Prices IPO at MYR1.85/Share, Top-End of Range

Ranhill Energy and Resources Bhd, a Malaysian oil and gas service provider, has priced its initial public offering at 1.85 ringgit ($0.58) a share, raising $236.8 million, a person familiar with the matter said Monday.

This is Malaysia's second major IPO this year, which comes at a time when the Southeast Asian country continues to draw IPO aspirants even as other IPO markets falter. In June alone, four companies in Hong Kong either dropped IPO plans or cut their IPO sizes.

Bankers say the presence of four cornerstone investors, who pledged to hold their shares for at least 90 days after the listing, reduced the risk of an immediate plunge upon listing and has helped shore up confidence in the Ranhill IPO. Ranhill marketed up to 407 million shares--around 328.7 million shares for institutional investors and 78.3 million for retail investors-at 1.70 ringgit to 1.85 ringgit a share. Retail investors will pay the same price as institutional investors.

After 8pm should know the results

Maybank Investment Bank Berhad, on behalf of Ranhill, wishes to announce that the Institutional Price and the Final Retail Price have been fixed as set out below:

INSTITUTIONAL PRICE - RM1.85 PER SHARE

FINAL RETAIL PRICE - RM1.85 PER SHARE

In accordance with Section 9(1) of the Capital Markets and Services (Price Stabilization Mechanism) Regulations 2008, Maybank Investment Bank Berhad (“Maybank IB”), being the stabilizing manager (“Stabilizing Manager”) in respect of the Initial Public Offering, hereby announces that:

(a) the Shares may be subject to stabilizing action;

(b) up to 38,460,000 Shares are the subject of an over-allotment option granted to the Stabilizing Manager, solely for purposes of covering over-allotments of the Shares in the Initial Public Offering;

© notwithstanding item (b) above, the Stabilizing Manager requires and therefore has agreed to buy up to 36,500,000 Shares only to undertake stabilizing action; and

(d) the final date on which the Stabilizing Manager may stabilize the price of the Shares shall be the earlier of (i) 30 days from the commencement of trading of the Shares on the Main Market of Bursa Securities; or (ii) the date when the Stabilizing Manager has bought on the Main Market of Bursa Securities, an aggregate of 36,500,000 Shares representing approximately 8.97% of the total number of Shares offered under the Initial Public Offering.

Very2 bad timing indeed.

You got a point there.

How bad would this news affect the IPO performance, we shall see next week

Really

This ranhill management really play with fire.

Sure dropped because of this "bad publicity"

Good

Everyone should do the same