EGH International draws 3,101 applications for IPO public shares
The public allocation was oversubscribed by 2.63 times ahead of the interior fit-out company's Oct 16 listing on the ACE Market.
Investors applied for 131.33 million shares in EGH International Bhd’s initial public offering (IPO), exceeding the 50 million new shares available to the public. The interior fit-out services provider disclosed the figures in a bourse filing ahead of its planned ACE Market listing on Oct 16.
The company put oversubscription for the Bumiputera allocation at 1.64 times, with 1,048 applications seeking 40.98 million shares. The other public allocation attracted requests for 90.35 million shares through 2,053 applications, giving an oversubscription rate of 3.61 times.
EGH International said eligible persons took up their entire allocation of 30 million shares. Investors selected for the private placement also took up all 280 million shares offered, consisting of 160 million new shares alongside 120 million offer shares.
Priced at 16 sen each, the IPO combines 240 million new shares with 120 million existing shares offered for sale. It will generate RM57.6 million, with the company receiving RM38.4 million.
Sole selling shareholder Datuk Doh Jee Ming will receive the other RM19.2 million. Doh, managing director of Lagenda Properties Bhd, will hold about 25% after the IPO, compared with 49% beforehand.
For its financial year that ended on May 31, 2026, EGH International recorded a 51% increase in net profit to RM10.9 million. Revenue grew 19% to RM187.09 million.
Successful applicants will receive allotment notices by Oct 15. Berjaya Securities handles the IPO as principal adviser and sponsor, and is also its sole placement agent and sole underwriter.
