KUALA LUMPUR: Foodie Media Bhd’s public portion of its initial public offering (IPO) has been oversubscribed by 24.63 times ahead of its listing on Bursa Malaysia’s ACE Market on Nov 28.
In a filing with Bursa Malaysia, the company said a total of 10,470 applications for 1.14 billion shares were received from the Malaysian public, resulting in an overall oversubscription rate of 24.63 times.
It said a total of 3,274 applications for 312.88 million shares were received for the bumiputera portion, representing an oversubscription rate of 13.09 times.
“Meanwhile, a total of 7,196 applications for 825.29 million shares were received for the other Malaysian public portion, representing an oversubscription rate of 36.18 times,” it said.
Foodie Media said its IPO comprises 250 million ordinary shares, consisting of a public issue of 138 million new shares and an offer for sale of 112 million existing shares.
Of the public issue, 44.4 million shares are allocated to the Malaysian public, 15 million to eligible directors and employees of the group, and 78.6 million to institutional and selected investors by way of private placement.
It also said that the 15 million shares to eligible directors and employees of the group, and persons who have contributed to the group’s success, have been fully subscribed.
Maybank Investment Bank Bhd is the principal adviser and sponsor for the listing, as well as the sole placement agent and sole underwriter for the IPO.
“The sole placement agent has confirmed that the 78.6 million issue shares and 112 million existing shares by way of private placement to institutional and investors have been fully placed out.
“The notices of allotment will be mailed to all successful applicants by Nov 27, 2025,” it added.
On Nov 13, Foodie Media launched its prospectus, aiming to raise RM75 million en route to its listing, with an IPO price of 30 sen per share. – BERNAMA
