As I mentioned previously on my previous entry here, there will be few IPOs to be listed in Bursa Malaysia, and I already shared with you on UOA Development Bhd. So today, would like to share with you on MSM Malaysia Holdings Bhd.
I would say, MSM Malaysia Holding would be one of the sweetest IPO this year..hehe...why? because it is the sugar refining arm of Felda Group. :D. This IPO is poised to create a lot of excitement among the investors not only to the local but also the foreign.
The official prospectus is not out yet, but according to some of the sources that we gone through, stated that the IPO will be offering 234.56 million shares as details below :
i. Institutional : 206.44 mil shares
ii. Retails : 28.12 mil shares
Looking at the above, obviously retail investors would be disappointed with just less than 12% of the offered shares allocated to the retailers.
Indicative price for this IPO is ranging from RM 3.50 - RM 3.80 depending on the institutional price to be determine in the later date. The proposed IPO is expected to generate between RM 800 million – RM 900 million cash.
At this point of time you may refer to the following summary of MSM Malaysia Holdings Berhad ..will be updated once we got new findings..
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| *Source: Bstar, Thestar online |
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