MyDCD ACE Market IPO Oversubscribed 36.46 Times Over

MyDCD Bhd’s ACE Market IPO was oversubscribed 36.46 times for the Malaysian public portion, according to a Bursa Malaysia filing on Wednesday. Applications covered 3.36 billion shares worth RM1.88 billion, against 89.7 million shares offered to retail investors.

Why Is the MyDCD ACE Market IPO Oversubscribed 36.46 Times?

Demand was uneven across the two groups. The Bumiputera portion was oversubscribed 24 times, while the non-Bumiputera portion reached 48.92 times.

• 36 million shares reserved for eligible directors, employees and other entitled persons were fully placed.
• 354.3 million shares offered to selected investors and Bumiputera investors approved by the Ministry of Investment, Trade and Industry were fully placed.

What Are MyDCD’s IPO Price and Fundraising Figures?

The IPO is priced at 56 sen per share on the ACE Market. Upon listing, MyDCD’s market capitalisation is approximately RM1 billion.

• New shares: 335 million shares raising RM187.6 million for MyDCD.
• Offer for sale: 145 million existing shares raising RM81.2 million for selling shareholders.
• Combined total: RM268.8 million across both portions.
• Principal adviser, sponsor, underwriter and placement agent: TA Securities Holdings Bhd.

Where Will MyDCD’s RM187.6 Million Go?

The company keeps the RM187.6 million raised from new shares. Its four allocations add up to that figure.

• RM134 million for working capital, mainly to support project execution and performance bonds (about 71% of the company’s proceeds).
• RM39.9 million for business expansion.
• RM5 million for information technology upgrades.
• RM8.7 million for listing expenses.

When Does MyDCD List and What Does It Do?

MyDCD provides mechanical, electrical, plumbing and fire protection engineering services, primarily for data centres. The company lists on the ACE Market on 17 Nov.

Notices of allotment will be sent to successful applicants by 12 Nov. The filing cited does not state the subscription window dates.

What Risks Sit Behind MyDCD’s IPO Numbers?

The largest use of cash is working capital tied to project execution and performance bonds, so the business depends on winning and delivering projects. Selling shareholders take RM81.2 million, meaning not all IPO money reaches the company.

The source gives no revenue, profit, EPS or peer valuation figures, so this article does not compare MyDCD’s track record or valuation. Investors may want to watch the company’s first financial results on Bursa after listing.

How Can Retail Investors Apply for Future Bursa IPOs?

• Open a direct CDS account in your own name. Online IPO applications need this account.
• Apply only once per IPO. Multiple applications are an offence under the Capital Markets and Services Act 2007.
• Retail portions are balloted when an IPO is oversubscribed.
• Apply through the M+ Global app using invitation code UBZQ. For help, WhatsApp +60169059789.

Read more in IPO Investing with M+ Global.

Key Takeaways

• MyDCD’s ACE Market IPO was oversubscribed 36.46 times, with RM1.88 billion in applications.
• The offer price is 56 sen per share, with listing on 17 Nov and a market capitalisation of about RM1 billion.
• The IPO raises RM268.8 million in total, with RM187.6 million going to the company.
• RM134 million of company proceeds is earmarked for working capital, mainly project execution and performance bonds.

This article is general information, not personal financial advice. Do your own research before making any investment decision.

Frequently Asked Questions

What is the offer price of MyDCD’s ACE Market IPO?

MyDCD’s ACE Market IPO is priced at 56 sen per share. The public issue comprises 335 million new shares, plus an offer for sale of 145 million existing shares.

When does MyDCD list on Bursa Malaysia?

MyDCD lists on the ACE Market on 17 Nov. Notices of allotment will be sent to successful applicants by 12 Nov.

How many times was MyDCD’s IPO oversubscribed?

The IPO was oversubscribed 36.46 times for the Malaysian public portion. The Bumiputera portion was oversubscribed 24 times, and the non-Bumiputera portion 48.92 times.

How much did MyDCD raise in its IPO?

MyDCD raises RM187.6 million from new shares, while selling shareholders raise RM81.2 million. Combined, the IPO raises RM268.8 million.

Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

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