KUALA LUMPUR: The Malaysian public portion of Big Caring Group Bhd's initial public offering (IPO) received 29,474 applications for 783.75 million issue shares, giving it an oversubscription rate of 4.31 times.

In a statement, Malaysian Issuing House said a total of 7,266 applications for 142.85 million issue shares were received in respect of the Bumiputera portion, representing an oversubscription of about 0.94 times.

Meanwhile, 22,208 applications for 640.9 million issued shares were received for the other  Malaysian public portion, for an oversubscription of about 7.68 times.

Additionally, the 120 million issue shares allocated to eligible persons were fully subscribed after applying the relevant clawback and reallocation provisions as set out in the company’s prospectus.

The 1.61 billion IPO Shares offered to Malaysian and foreign Institutional and selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry have been fully subscribed.

The notices of allotment will be mailed to all successful applicants by Nov 18, 2026.

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