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iCents Group's IPO Oversubscribed by 2.30 Times
ByAinvest
Monday, Jul 7, 2025 8:17 am ET1min read
iCents Group Holdings' IPO has been oversubscribed by 2.30 times ahead of its listing on the ACE Market of Bursa Malaysia on July 17. The cleanroom and facility services provider raised RM27mil through the sale of 112.5 million new shares at RM0.24 each, representing 22.5% of the enlarged issued share capital. The oversubscription rate for the public portion was 4.81 times, while the Bumiputera portion was undersubscribed by 0.22 times.
iCents Group Holdings' initial public offering (IPO) has been oversubscribed by 2.30 times ahead of its listing on the ACE Market of Bursa Malaysia on July 17. The cleanroom and facility services provider raised RM27 million through the sale of 112.5 million new shares at RM0.24 each, representing 22.5% of the enlarged issued share capital [3].The oversubscription rate for the public portion was 4.81 times, indicating strong investor interest in the company's prospects. Meanwhile, the Bumiputera portion was undersubscribed by 0.22 times, suggesting that the company may need to adjust its distribution strategy to better align with investor demand [3].
iCents Group Holdings' IPO is a significant milestone in the company's growth journey, allowing it to raise capital for expansion and growth initiatives. The company has been providing cleanroom and facility services to various industries, including semiconductor, pharmaceutical, and biotechnology, for over a decade. With the IPO, the company aims to enhance its market position and strengthen its competitive edge [3].
The success of iCents Group Holdings' IPO reflects the growing interest in the facility services sector and the increasing demand for high-quality cleanroom services. As the company continues to expand its operations and diversify its service offerings, it is well-positioned to capitalize on the growing market opportunities [3].
References:
[1] https://www.businesstoday.com.my/2025/07/04/italy-backs-malaysias-green-shift-with-rm8-13-billion-investment-promise/
[2] https://www.malaysiakini.com/announcement/747998
[3] https://www.nst.com.my/business/corporate/2025/07/1241298/icents-ipo-oversubscribed-23-times-ahead-ace-market-listing
[4] https://seekingalpha.com/news/4464874-empro-group-prices-55m-ipo-set-to-debut-on-nasdaq
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