Big Caring sets IPO price at RM1.08 as public tranche draws excess demand
The group is due to list on Bursa Malaysia’s Main Market on November 19 at a valuation of about RM8 billion.
Big Caring Group Bhd has fixed its initial public offering price at RM1.08 a share after demand for the Malaysian public allocation exceeded availability by 4.31 times. The retail price matches the price established through institutional bookbuilding, so successful retail applicants will not need refunds.
Malaysian Issuing House Sdn Bhd reported 29,474 applications seeking 783.75 million shares against a public allocation of 147.64 million shares. Within that allocation, Bumiputera applicants submitted 7,266 applications seeking 142.85 million shares, an oversubscription rate of 0.94 times.
The allocation for other Malaysian public investors drew 22,208 applications seeking 640.9 million shares and was oversubscribed 7.68 times. All 120 million shares reserved for eligible directors, employees and other group contributors were taken up following clawback and reallocation adjustments.
The institutional tranche of 1.61 billion shares was fully taken up by Malaysian and overseas institutions and selected investors. A group of 19 cornerstone investors subscribed for 41.2 per cent of that offering.
The IPO covers up to 1.88 billion shares: 1.29 billion existing shares offered for sale and 590.55 million newly issued shares. At about RM8 billion, Big Caring’s expected valuation would make it Malaysia’s second-largest IPO of 2026 by market capitalisation.
Its Main Market listing is scheduled for November 19. Allotment notices are to be posted to successful applicants by November 18.
