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BUSINESS • 04/11/2026 08:55 PM

MyDCD IPO Public Portion Oversubscribed 36.46 Times

KUALA LUMPUR, Nov 4 (Bernama) -- Engineering services provider, MyDCD Bhd’s initial public offering (IPO) portion made available to the Malaysian public was oversubscribed by 36.46 times ahead of its listing on the ACE Market of Bursa Malaysia.

In a statement today, the company said a total of 28,816 applications for 3.36 billion public issue shares were received from the Malaysian public, resulting in an overall oversubscription rate of 36.46 times.

“Specifically, a total of 13,378 applications for 1.12 billion public issue shares were received for the Bumiputera portion, representing an oversubscription rate of 24.0 times.

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“Meanwhile, a total of 15,438 applications for 2.24 billion public issue shares were received for the other Malaysian public portion, representing an oversubscription rate of 48.92 times,” the company said.

Additionally, it said 36 million public issue shares made available for application by the eligible parties have been fully subscribed.

MyDCD’s IPO comprises a public issue of 335 million new ordinary shares and an offer for sale of 145 million existing shares, both priced at 56 sen per share.

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Of the public issue shares, 89.70 million shares were allocated to the Malaysian public, 36 million shares to eligible parties, 50.71 million shares to selected investors via private placement and 158.59 million shares to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).

Meanwhile, the offer for sale comprises 79.34 million shares made available by way of private placement to selected investors, and 65.66 million shares made available by way of private placement to selected Bumiputera investors approved by the MITI.

TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.

The placement agent has confirmed that 130.05 million IPO shares (comprising 50.71 million public issue shares and 79.34 million offer shares) made available by way of private placement to selected investors and 224.25 million IPO shares (comprising 158.59 million public issue shares and 65.66 million offer shares) set aside by way of private placement to selected Bumiputera investors approved by MITI have been fully placed out.

The notices of allotment will be mailed to all successful applicants by Nov 12, 2026.

-- BERNAMA

 

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