The Big Caring IPO has been priced at RM1.08 per share, ahead of its Main Market debut on Nov 19. The public tranche was oversubscribed 4.31 times, and the final retail price matches the institutional price.
Why Did the Big Caring IPO Price at RM1.08 and Draw 4.31 Times Demand?
Malaysian Issuing House Sdn Bhd said the public portion of 147.64 million shares received 29,474 applications for 783.75 million shares. No refund is required for successful retail applicants.
The RM1.08 price was set through bookbuilding, so the retail and institutional prices are identical.
How Did Each Big Caring IPO Tranche Perform?
- Bumiputera portion: 7,266 applications for 142.85 million shares, an oversubscription of 0.94 times, the only tranche below full coverage.
- Other Malaysian public portion: 22,208 applications for 640.9 million shares, an oversubscription of 7.68 times.
- Directors, employees and other contributors: 120 million shares, fully subscribed after clawback and reallocation provisions.
- Institutional offering: 1.61 billion shares, fully subscribed.
The gap between the Bumiputera tranche at 0.94 times and the other public portion at 7.68 times is the widest in this IPO.
19 cornerstone investors subscribed for 41.2 per cent of the institutional offering.
What Is the Size of the Big Caring IPO Deal?
The IPO involves up to 1.88 billion shares. It combines an offer for sale of 1.29 billion existing shares with a public issue of 590.55 million new shares.
At RM1.08, the 590.55 million new shares equal about RM637.8 million in gross proceeds before expenses, based on our calculation. The announcement does not say how the proceeds will be used.
How Does the RM8 Billion Big Caring Valuation Compare With 2026 Listings?
At about RM8 billion, Big Caring will be Malaysia’s second-largest IPO of 2026 by market capitalisation. It ranks behind Sunway Healthcare Holdings Bhd, which debuted in March with a valuation of RM16.68 billion.
Big Caring will be more than three times the size of MTT Shipping and Logistics Bhd, which was valued at RM2.58 billion when it listed in April.
What Financial Data Is Missing From the Big Caring IPO Announcement?
The announcement does not include revenue, net profit or EPS figures. Retail investors will want these numbers before forming a view.
- Revenue and net profit track record
- EPS and dividend policy
- Subscription period dates
- Stock code for trading
- Use of proceeds from the RM637.8 million new-share raise, per our calculation
What Does the Big Caring Listing Mean for Shareholders?
The offer for sale transfers 1.29 billion existing shares to new holders and adds no new shares. The public issue of 590.55 million new shares increases the company’s total share count.
Notices of allotment will be mailed to successful applicants by Nov 18, one day before the debut. Investors may want to watch the first trading day against the RM1.08 offer price.
Who Is Underwriting the Big Caring IPO?
Maybank Investment Bank Bhd and RHB Investment Bank Bhd are joint principal advisers, joint global coordinators, joint bookrunners, joint managing underwriters and joint underwriters. AmInvestment Bank Bhd is also a joint principal adviser, joint global coordinator, joint bookrunner and joint underwriter.
UBS Securities Malaysia Sdn Bhd and UBS AG, Singapore Branch are joint global coordinators and joint bookrunners.
How Can Malaysians Apply for Future IPOs Like Big Caring?
Online IPO applications need a direct CDS account in the applicant’s own name. Only one application per IPO is allowed, because multiple applications are an offence under the Capital Markets and Services Act 2007.
- Apply via the M+ Global app using invitation code UBZQ. M+ Global replaced M+ Online.
- Retail portions are balloted when an IPO is oversubscribed.
- For assistance, WhatsApp +60169059789.
Read more in IPO Investing with M+ Global and Trading Account Types in Malaysia.
Key Takeaways
- Big Caring IPO priced at RM1.08, matching the institutional price.
- Public tranche oversubscribed 4.31 times; Bumiputera portion at 0.94 times.
- Valuation about RM8 billion, the second-largest IPO of 2026 by market capitalisation.
- Main Market listing on Nov 19, with notices of allotment by Nov 18.
- Revenue, profit, EPS and use of proceeds are not in the announcement.
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Disclaimer: This article is for information only and is not investment advice. Do your own research before making any decision on Bursa Malaysia.
Frequently Asked Questions
What is the Big Caring IPO price?
The Big Caring IPO is priced at RM1.08 per share, the same as the institutional bookbuilding price. Successful retail applicants need no refund.
Was the Big Caring IPO oversubscribed?
Yes, the public tranche was oversubscribed 4.31 times. The other Malaysian public portion reached 7.68 times, while the Bumiputera portion reached 0.94 times.
When does Big Caring list on Bursa Malaysia?
Big Caring lists on Bursa Malaysia’s Main Market on Nov 19. Notices of allotment will be mailed to successful applicants by Nov 18.
How big is the Big Caring IPO valuation?
The IPO values Big Caring at about RM8 billion. That makes it Malaysia’s second-largest IPO of 2026 by market capitalisation, behind Sunway Healthcare Holdings Bhd’s RM16.68 billion.
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.
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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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