The IPO of Bumi Armada Bhd has been oversubscribed by 9.5 times. The company received 57,941 applications for 614.632 million shares compare to 58.569 million shares available for public.

The final retail price has been fixed at RM3.03 per unit and refund of the difference of RM0.12 per unit will be return to the applicant. Initial retail price was RM3.15.

Bumi Armada Berhad is a Malaysia-based international offshore services provider to the O&G industry in Malaysia and over 10 other countries in Asia, Africa and Latin America.

Key points:

• Final unit price: RM3.03 (RM0.12 will be return to applicants)
• 58.569 million shares available for public.
• 50% for Bumipuetera
• 50% for Public
• The largest IPO in Malaysia and second largest in South East Asia so far this year
• 19 July 2011: Allotment of the IPO Shares to successful applicants
• 21 July 2011: Listing

Popularity: 1% [?]