| No. of Shares to be issued under the Public Issue | 160,000,000 |
| No. of Shares to be offered under the Offer for Sale | 68,000,000 |
| Enlarged no. of Shares upon Listing | 820,868,600 |
| Paid-up share capital upon Listing | RM 165,943,559 |
| IPO Price per Share | RM 0.81 |
| Market capitalisation upon Listing (based on the IPO Price and enlarged no. of issued Shares upon Listing) |
RM 664,903,566 |
Our IPO consists of the Public Issue and the Offer for Sale, totalling up to 228,000,000 IPO Shares, representing approximately 27.78% of our enlarged total number of 820,868,600 Shares after our IPO.
Our Public Issue involves the offering of 160,000,000 Issue Shares, representing approximately 19.49% of our enlarged number of issued Shares after our IPO, at the IPO Price and will be allocated in the following manner:
41,500,000 Issue Shares, representing approximately 5.06% of our enlarged number of issued Shares, will be made available for application by the Malaysian Public through a balloting process, of which 20,750,000 Issue Shares representing approximately 2.53% of our enlarged number of issued Shares are allocated to Bumiputera investors, which include individuals, companies, societies, co-operatives and/or institutions. Any Issue Shares not subscribed by the Bumiputera investors will be made available for application by other Malaysian Public.
76,000,000 Issue Shares, representing approximately 9.26% of our enlarged number of issued Shares, will be made available for application via private placement to identified institutional and selected investors.
7,900,000 Issue Shares, representing approximately 0.96% of our enlarged number of issued Shares, will be reserved for application by the Eligible Persons.
34,600,000 Issue Shares, representing approximately 4.22% of our enlarged number of issued Shares, will be allocated for application via private placement to identified Bumiputera investors approved by the MITI.
The Selling Shareholders will offer for sale up to 68,000,000 Offer Shares, representing approximately 8.28% of our enlarged number of issued Shares, at the IPO Price by way of private placement to identified Bumiputera investors approved by the MITI. The gross proceeds from the Offer for Sale will accrue entirely to the Selling Shareholders in their respective portions for their personal commitments.
* Please read this section in conjunction with Section 3.1 on page 9 and Section 4.2 on page 19 to page 25 of MST Golf Group Berhad's Prospectus dated 28 June 2023.