Malaysian Issuing House Sdn Bhd said a total of 6,167 applications for 113.06 million shares were received for the IPO, which involved 5.25 million shares, or 50 per cent of the total public offering allotted for Bumiputera, and 5.25 million shares for public subscription.

"A total of 2,171 applications for 34.26 million shares were received for the Bumiputera category, representing an over subscription of 5.53 times.

"Under the public category, 3,996 applications for 78.79 million shares were received, representing an over subscription of 14.01 times," the company said.

Balloting of successful applications was conducted yesterday.

Notices of Allotment will be dispatched by post to all successful applicants on or before July 22.

Apart from the public issue, 10 million shares were made available for selected investors via private placement, 4.5 million for eligible employees and business associates.

Seven million of the shares were made available for Bumiputera investors approved by the International Trade and Industry Ministry.

The Kuching-based automotive battery manufacturer is en route to a Main Market listing on Bursa Malaysia on July 23 at 60 sen per share. Bernama