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 Powerwell Holdings Bhd, ACE Market

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teehk_tee
post Jan 14 2020, 07:58 PM

ไม่เป็นไร
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24x oversubscribed.

Mcm yes..... Fingers crossed
fiqir
post Jan 14 2020, 08:14 PM

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All the best to us. Congrat
TSnexona88
post Jan 14 2020, 08:56 PM

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All the best
fiqir
post Jan 14 2020, 09:40 PM

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Powerwell IPO oversubscribed by 24.27 times

Syahirah Syed Jaafar
/
theedgemarkets.com

January 14, 2020 20:35 pm +08

-A+A
KUALA LUMPUR (Jan 14): Powerwell Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Jan 22, saw the public tranche of its initial public offering oversubscribed by 24.27 times.

In a statement today, Powerwell said it received a total of 7,219 applications for 601.38 million shares, with a value of RM150.34 million, for 23.8 million shares made available for application by the Malaysian public.

The IPO exercise entails a public issue of 87.4 million shares and an offer for sale of 58.06 million existing shares.

The 63.6 million shares and 49.71 million offer shares offered to institutional and selected investors, as well as Bumiputera investors, have also been fully placed out.

Under the listing exercise, Powerwell will raise RM21.85 million, of which RM10.27 million has been earmarked for capital expenditure, RM3.87 million for certification expenditure and RM3.62 million for working capital. The remaining RM4.1 million is for the estimated listing expenses.

“We are elated by the oversubscription for our IPO shares of over 24 times, a testimony of the trust and confidence investors have in our business model. The great start to the year is further accentuated with good news, as we managed to secure orders of over RM15 million which are expected to be delivered this year," said Powerwell managing director Jason Tham.

Mercury Securities Sdn Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent for the IPO exercise.
ckinsg
post Jan 14 2020, 09:47 PM

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Public succes rate very high.. looks like almost everyone got.. I gues open px not good
fiqir
post Jan 14 2020, 09:53 PM

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0.25 cheap

The great start to the year is further accentuated with good news, as we managed to secure orders of over RM15 million which are expected to be delivered this year. said Powerwell managing director Jason Tham.
pileepalah
post Jan 14 2020, 10:24 PM

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kang tau lai leow..black market 35cts..
ini surewin 88cts..saya mau jual kasi dia
lagi ada untung 53cts....
dapat satu 2020 big fat rat .......
Zazz90
post Jan 15 2020, 05:57 AM

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Only acquired 100 lots through balloting 😪
InfoCatcher
post Jan 15 2020, 06:23 PM

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Me too.
Rainings
post Jan 15 2020, 08:42 PM

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didnt get any.. fml
10071985
post Jan 16 2020, 03:56 PM

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zzz kosong
pileepalah
post Jan 16 2020, 04:04 PM

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chi pek...pending
nikazwa
post Jan 16 2020, 05:22 PM

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QUOTE(10071985 @ Jan 16 2020, 03:56 PM)
zzz kosong
*
new ipo

innature bhd

price : 0.65

soon open for public..maybe end jan 2020

SURE ANGPOW
post Jan 16 2020, 05:31 PM

Look at all my stars!!
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QUOTE(nikazwa @ Jan 16 2020, 05:22 PM)
new ipo

innature bhd

price : 0.65

soon open for public..maybe end jan 2020
*
rclxms.gif rclxms.gif blink.gif whistling.gif thumbsup.gif

TSnexona88
post Jan 16 2020, 06:14 PM

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QUOTE(nikazwa @ Jan 16 2020, 05:22 PM)
new ipo

innature bhd

price : 0.65

soon open for public..maybe end jan 2020
*
Thanks for the info 👍
teehk_tee
post Jan 16 2020, 08:25 PM

ไม่เป็นไร
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Alright....... Got it.. Ohwell here's to a good start to the first ipo of 2020
donhay
post Jan 17 2020, 08:56 AM

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got ZERO. sad.gif

Good luck to those who got it
zzzhhhzzz
post Jan 17 2020, 11:09 AM

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QUOTE(donhay @ Jan 17 2020, 08:56 AM)
got ZERO. sad.gif

Good luck to those who got it
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same here sad.gif no ang pow for CNY
elea88
post Jan 20 2020, 04:23 PM

Look at all my stars!!
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is listing date confirm 22 jan? any latest update?
SURE ANGPOW
post Jan 21 2020, 04:24 PM

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rclxms.gif rclxms.gif rclxm9.gif blink.gif

It'S TOMOROW >>

STOCK CODE 0217 biggrin.gif whistling.gif

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