OGX Group Bhd’s initial public offering (IPO) ahead of its ACE Market listing on March 12, 2026, has been oversubscribed by 10.11 times, highlighting strong demand from Malaysian investors.
The IT infrastructure solutions provider received 7,051 applications from the Malaysian public for 416.8 million shares worth RM145.88 million, far exceeding the 37.5 million shares allocated under the public portion.
For the bumiputra public allocation, there were 3,887 applications for 199.5 million shares, representing an oversubscription rate of 9.64 times. Meanwhile, the general public portion attracted 3,164 applications for 217.29 million shares, translating to an oversubscription rate of 10.59 times.
The 18.75 million shares set aside for eligible directors, employees, and contributors to OGX’s success were fully subscribed. In addition, all 75 million shares offered via private placement to institutional and selected investors were fully taken up. Shares allocated to bumiputra investors, approved by the Ministry of Investment, Trade and Industry, were also fully subscribed.
The IPO consists of a public issue of 150 million new shares at 35 sen each, alongside an offer for sale of 75 million existing shares in conjunction with OGX’s ACE Market debut.
UOB Kay Hian (M) Sdn Bhd serves as the company’s principal adviser, sponsor, underwriter, and placement agent for the IPO.
