PARADIGM Real Estate Investment Trust (Paradigm REIT), which is set to debut on the Main Market of Bursa Malaysia, said that the 32 million units made available to retail investors were oversubscribed by 1.49 times.
The institutional price for Paradigm REIT units has been fixed at RM1.00 per unit.
As the final retail price was also set at RM1.00 per unit, no refund will be made to successful applicants under the retail portion of the offering.
The IPO comprises 560 million units in total, which were offered through both retail and institutional tranches.
The retail portion included restricted units for eligible shareholders of WCT Holdings Bhd (WCTH), units offered to eligible directors and employees under the pink form allocation, and public units reserved for Malaysian retail investors, including a specific allocation for Bumiputera applicants.
On the public front, a total of 4,408 applications were received for 79.79 million units.
The non-Bumiputera segment saw particularly strong interest, with an oversubscription rate of 3.70 times, while the Bumiputera portion drew 571 applications for 4.65 million units.
Excess units from under-subscribed portions were clawed back and reallocated according to provisions outlined in the prospectus dated May 16, 2025.
The restricted offering to WCTH shareholders saw 73.62 million units taken up, while 8.43 million units were subscribed under the pink form allocation for directors and employees.
In the institutional offering, all 426.59 million units, including those allocated to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI), were fully taken up following clawback and reallocation.
Maybank Investment Bank Bhd is acting as the principal adviser, lead bookrunner, sole managing underwriter and joint underwriter for the IPO.
AmInvestment Bank Bhd and CGS International Securities Malaysia Sdn Bhd are joint bookrunners and joint underwriters, while RHB Investment Bank Bhd is a joint bookrunner.
MIH said that notices of allotment will be sent to successful applicants by June 9, 2025. — TMR
RELATED ARTICLES
Paradigm REIT inks underwriting deal for Main Market IPO
Paradigm REIT launches RM560m IPO ahead of June 10 Main Market debut
The post Paradigm REIT IPO oversubscribed by 1.49 times, retail price fixed at RM1.00 appeared first on The Malaysian Reserve.
