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Enest Group Berhad's IPO Oversubscribed by 1.94 Times Ahead of ACE Market Transfer Listing
KUALA LUMPUR, MY / ACCESS Newswire / July 6, 2026 / Enest Group Berhad("Enest" or the "Group"), a high-purity edible bird's nest processor and trader, is pleased to announce that the public portion of its Initial Public Offering ("IPO") has been oversubscribed ...
About this update from Enest Group Bhd.
KUALA LUMPUR, MY / ACCESS Newswire / July 6, 2026 / Enest Group Berhad ("Enest" or the "Group"), a high-purity edible bird's nest processor and trader, is pleased to announce that the public portion of its Initial Public Offering ("IPO") has been oversubscribed by 1.94 times, reflecting encouraging investor interest in the Group's transfer listing to the ACE Market of Bursa Malaysia Securities Berhad. Enest Group Berhad To recap, Enest's IPO comprises a public issue of 116.25 million new ordinary shares, representing 20.0% of its enlarged issued share capital of 581.25 million shares, as well as an offer for sale of 15.05 million existing shares, representing approximately 2.6% of its enlarged issued share capital. The allocation of IPO shares is structured as follows: The Group received a total of 2,871 applications for 85.53 million IPO shares from the Malaysian public, representing an overall oversubscription rate of 1.94 times. Of these, 1,474 applications for 29.85 million IPO shares were received under the Bumiputera public portion, representing an oversubscription rate of 1.05 times, while 1,397 applications for 55.69 million IPO shares were received under the Malaysian public investor portion, representing an oversubscription rate of 2.83 times. The 8.72 million IPO shares reserved under the Pink Form Allocations were fully subscribed. Meanwhile, the 72.66 million IPO shares reserved for Bumiputera investors approved by MITI as well as the 20.87 million IPO shares made available by way of private placement to selected investors were fully placed out. Mr. Tan Teh Jie, Managing Director of Enest Group Berhad remarked, "We are encouraged by the positive response to our IPO, which reflects growing investor awareness of Enest's position within the edible bird's nest industry and confidence in our long-term prospects. Over the years, we have built our business across key segments of the edible bird's nest value chain, supported by our processing capabilities, supplier network and export reach, particularly into China."