![\"petronas-chem-ipo\"](\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2010\/11\/petronaschemipo.png\" "\\"petronas-chem-ipo\\"")
<\/a><\/p>\nPETRONAS Chemicals Group Berhad IPO<\/strong> \u2013 PCG announced that the offer price for institutional investors is fixed at RM5.20 per share<\/strong> though the bookbuilding exercise completed today. While the offer price for retail investors reduced to RM5.04 per share<\/strong>, that is 97% of institutional price above. The final retail price is 1 sen lower than tentative retail price of RM5.05 as stated in PCG prospectus launched 1 November 2010. The difference of RM0.01 will be refunded to retail investors in due course for successful applicants or the whole application monies will be returned for unsuccessful applicants.<\/p>\n Oversubscription<\/strong><\/p>\n Petronas Chemicals said the institutional offering<\/strong> attracted orders of approximately MYR92.6 billion, representing a subscription rate of more than 21 times<\/strong>.<\/p>\n The retail offering <\/strong>of 293 million shares attracted a subscription rate of 2.5 times<\/strong>, the company said. The retail price has been set at MYR5.04 per share, a 3% discount to the institutional price.<\/p>\n Ballot results<\/strong><\/p>\n As the same day today, balloting exercise for retail shares will be carried out and the ballot results are expected to be announced by Malaysia Issuing House (MIH) late today or early tomorrow via IPO Press Release link below, from which you will know the subscription rates as well as the mostly-like oversubscription rates.<\/p>\n http:\/\/mih.com.my\/index.php?page=press<\/a><\/p>\n IPO application status<\/strong><\/p>\n You may particularly care or concern as to how to check or know your application status, whether successful or unsuccessful. There are several ways to check your IPO application status. See our earlier post below:<\/p>\n https:\/\/www.nbc.com.my\/blog\/?p=371<\/a><\/p>\n Petronas Chemicals IPO retail offer last day today<\/span><\/a><\/p>\n