KUALA LUMPUR, EPB Group Bhd's initial public offering (IPO) shares for the Malaysian public have been oversubscribed by 61.08 times ahead of its ACE Market listing on Aug 23, 2024. In a Bursa Malaysia filing today, the one-stop food processing and packaging machinery solutions provider said 25,756 applications for 1.21 billion issued shares valued at RM680.35 million were received from the Malaysian public for the 19.57 million shares available. For the Bumiputera portion, 11,850 applications for 456.25 million shares were received, representing an oversubscription rate of 45.63 times, while 13,906 applications for 758.66 million shares were received for the public portion, which represents an oversubscription rate of 76.53 times. 'The 21.19 million shares available for application by the eligible directors, key senior management, employees and business associates (including any other persons who have contributed to the success of EPB Group) have been fully subscribed,' said EPB. With the IPO price of 56 sen per share, EPB aims to raise RM40.08 million and would achieve a market capitalisation of RM208.32 million ahead of its debut. Source : BERNAMA News Agency