the problem is people are skeptical with the FV / Fair Value given by IB especially just a few cents above the IPO price of 95 sen . After all many already Kena TIUU by their@ IB FV

Unlike early last year 2023 / late 2022....all became IPO hungry ( IPO ADDICT ? hmmm ) & bombarded ALL IPO

This post has been edited by IPO ADDICT: Mar 12 2024, 01:52 PM

last minute change my mind
hmmm.....
almost forgot that there will be a book building
will be a refund - a crucial & important safety net here

last 10 minutes ALL OUT BOMBARDING liao

Expecting a JOLLY $$$$$ IPO

This post has been edited by IPO ADDICT: Mar 12 2024, 05:13 PM

Institutional price determinantion today...

this is the safety net for us

if 80 sen - refund of 15 sen....

ICHIPO Bloqspot NOT in the DANGEROUS quadrant

while 4,330 applications for 93,827,700 units were received under the other Malaysian public portion, representing an oversubscription rate of 5.82 times.

Meanwhile, the institutional offering which comprises 422,949,000 units made available to institutional and selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI) have been fully subscribed.



RAYA JACKPOT Waiting

pergghhh

Dato’ Mohammad Azlan Abdullah, Group Chief Executive Officer of Projek Lintasan Kota Holdings Sdn Bhd expressed, “We are proud of the exceptional subscription response achieved by Malaysia’s first listed business trust, Prolintas Infra BT’s IPO, which reflects confidence in our business model and growth prospects. We are deeply humbled by the trust placed in us and remain committed to delivering strong returns and value to our unitholders.”

The 8 cornerstone investors secured for the IPO, including Permodalan Nasional Berhad, AHAM Asset Management Berhad, AIIMAN Asset Management Sdn Bhd, Lembaga Tabung Haji, Maybank Asset Management Sdn Bhd, Maybank Islamic Asset Management Sdn Bhd, Kenanga Investors Berhad, and Kenanga Islamic Investors Berhad, had collectively subscribed for 70.9% of the institutional offering. The remaining units available from institutional offering, including the over-allotment option, have received overwhelming demand from investors

This post has been edited by IPO ADDICT: Mar 14 2024, 05:16 PM

see the public - over subscribed 5X +
even success , don't get all , partial only...

ichipo Blog ....put Prolintas not in the red quadrant like Zantat ( dangerous red quadrant )

The 8 cornerstone investors secured for the IPO, including

1) Permodalan Nasional Berhad,
2) AHAM Asset Management Berhad,
3) AIIMAN Asset Management Sdn Bhd,
4) Lembaga Tabung Haji,
5)Maybank Asset Management Sdn Bhd,
6)Maybank Islamic Asset Management Sdn Bhd,
7) Kenanga Investors Berhad, and
8) Kenanga Islamic Investors Berhad,



had collectively subscribed for 70.9% of the institutional offering. The remaining units available from institutional offering, including the over-allotment option, have received overwhelming demand from investors

Mr Sour Grape dz91 ,

hmmm....your English & Mathematic OK ?....

hello

institutional investors = 8 Corner stones + others ordinary institutional

Corner stones wallap (ed) 70 % out of 100 % >> GREAT sign !! $$$$$ meaning other institutional got 30 %......

Corner stones NOT ALLOWED to be overly hungry - took all 100 % meaning other iinstitutional ( not corner stones ) investors got NO chance ...

Further more the price determination today remained at 95 sen showing positive sign.....if this institutional investors got NO ( OR less confidence ) , they will ask for discount , let say 80 sen instead of remained at 95 sen as of now

This post has been edited by IPO ADDICT: Mar 14 2024, 11:47 PM

Even when Corner stones - they got money , ...they have to be fair to other institutional too....can't be overly GREEEEEEDY took ALL 100 % ....leaving other institutional empty handed liao

Baby.. .!

the other point of they got confidence >> NOT asking for discount on price determination ...remained 95 sen

This post has been edited by IPO ADDICT: Mar 15 2024, 12:01 AM

sure ONE lahh....

& Baby ,

NO SWEAT lahh...$$$$$..

This post has been edited by IPO ADDICT: Mar 15 2024, 12:17 AM

huat chaiii

Steady rise in traffic volume to drive Prolintas' revenue growth

Damn Good

GAP UP

with 8 corner sttones investors