Business Today Online – Main Market Bound Orkim Sees IPO Oversubscribed By 12 Times

Orkim Berhad announces that the public portion of its initial public offering has been oversubscribed 12 times during the public balloting today.

The Group received a total of 6,767 applications for 256.8 million shares for the 20.0 million shares made available for application by the Malaysian public, representing an oversubscription rate of 11.84 times. The Bumiputera portion attracted 3,430 applications for 120.1 million shares, oversubscribed by 11.01 times, while the remaining public portion recorded 3,337 applications for 136.7 million shares, oversubscribed by 12.67 times. The 8.0 million shares reserved for eligible directors, employees and persons who have contributed to the success of the Group, together with the Institutional Offering were also fully subscribed.

SA11 – Upskilling and Reskilling Talents

SA12 – Foster Community Growth Through Education

SA13 – Strengthen Workforce Connection

SA14 – Enhance Customer Satisfaction and Service Excellence

SA10 – Promote Workforce Well-being, Health and Safety

SA6 – Climate Change Management

SA7 – Reduce Waste, Promote Recycling and Resource Recovery

SA8 – Minimise Water Consumption

SA9 – Protect, Conserve and Enhance Biodiversity

SA4 – Uphold Ethics and Business Integrity

SA5 – Promote Sustainable Supply Chain