KUALA LUMPUR: Big Caring Group Bhd’s initial public offering (IPO) has been priced at RM1.08 per share, with its public tranche oversubscribed 4.31 times ahead of its listing on Bursa Malaysia’s Main Market.
The final retail price of RM1.08 matches the institutional price determined through the bookbuilding process, with no refund required for successful retail applicants.
Malaysian Issuing House Sdn Bhd said the public portion, comprising 147.64 million shares, received 29,474 applications for 783.75 million shares.
The Bumiputera portion attracted 7,266 applications for 142.85 million shares, representing an oversubscription rate of 0.94 times.
Meanwhile, the other Malaysian public portion received 22,208 applications for 640.9 million shares, translating into an oversubscription rate of 7.68 times.
The 120 million shares allocated to eligible directors, employees and other contributors to the group were fully subscribed after applying the relevant clawback and reallocation provisions.
The institutional offering of 1.61 billion shares to Malaysian and foreign institutional and selected investors was also fully subscribed.
Of the institutional offering, 19 cornerstone investors subscribed for 41.2 per cent.
Big Caring’s IPO involves up to 1.88 billion shares, comprising an offer for sale of 1.29 billion existing shares and a public issue of 590.55 million new shares.
It is poised to become Malaysia’s second-largest IPO of 2026 by market capitalisation, with a valuation of about RM8 billion ahead of its Main Market debut on Nov 19.
At that valuation, Big Caring will rank behind Sunway Healthcare Holdings Bhd, which made its market debut in March with an IPO valuation of RM16.68 billion.
It will also be more than three times the size of MTT Shipping and Logistics Bhd, which was valued at RM2.58 billion when it listed in April.
The notices of allotment will be mailed to successful applicants by Nov 18.
Maybank Investment Bank Bhd and RHB Investment Bank Bhd are the joint principal advisers, joint global coordinators, joint bookrunners, joint managing underwriters and joint underwriters for the IPO.
AmInvestment Bank Bhd is also a joint principal adviser, joint global coordinator, joint bookrunner and joint underwriter.
UBS Securities Malaysia Sdn Bhd and UBS AG, Singapore Branch are joint global coordinators and joint bookrunners.