$BWYS GROUP BERHAD (0313.MY)$ see allocation of IPO shares r...
$BWYS GROUP BERHAD(0313.MY$ see allocation of IPO shares result found out by Chatgpt(over subscribed 48.51)===>The BWYS Group IPO, which is scheduled to be listed on the ACE Market on July 22, 2024, was highly successful and significantly oversubscribed. The IPO received 23,223 applications for a total of 2.53 billion shares, representing an overall oversubscription rate of 48.51 times. Specifically, the portion for the Malaysian public saw an oversubscription rate of 50.31 times, and the Bumiputera portion was oversubscribed by 46.71 times【11†source】【12†source】【13†source】.
Given this high level of demand, it suggests a strong investor interest and confidence in BWYS Group's business prospects. The company's involvement in manufacturing and trading a wide range of sheet metal products, along with its engagement in the scaffolding supply and steel materials trading, demonstrates a robust business model backed by 25 years of experience and strategic market presence in Malaysia【11†source】【13†source】.
Considering this positive reception and the company's solid business foundation, investing in BWYS Group once it is listed could be a promising opportunity. However, as always, it's important to consider your own investment strategy and risk tolerance before making any decisions.
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