Maxis Bhd plans to issue Initial Public Offering (IPO) of 2,250,000,000 ordinary shares of RM0.10.
Maxis had submitted the prospectus on 17 September, 2009 to the Securities Malaysia (SC). However, the prospectus have not been registered with the SC and is only open for public exposure for 15 working days, the last day for exposure is 12 October, 2009.
The 2,250,000,000 ordinary shares represents 30% Maxis of its existing share capital. Maxis will not issue new shares for the initial public offering.
The Offer Shares will be allocated in the following manner:
| Categories | No. of Offer Shares | % of existing share capital |
| Retail Offering: | ||
| Eligible customers | 21,175,000 | 0.28% |
| Eligible dealers and distributors | 6,120,000 | 0.08% |
| Eligible directors and employees | 35,000,000 | 0.47% |
| Malaysia Public: | ||
| Bumiputera | 75,000,000 | 1.00% |
| Non-Bumiputera | 37,500,000 | 0.50% |
| 174,795,000 | ||
| Instituional Offering: | ||
| Bumiputera investors | 862,500,000 | 11.50% |
| Other institutions | 1,212,705,000 | 16.17% |
| 2,075,205,000 | 27.67% | |
| 2,250,000,000 | 30.00% |
This listing would be the biggest since the US$1.1bil listing by Petronas Gas Bhd in Malaysia in 1995.
Are you planning to apply for the Maxis IPO?
Question to the above:
Q: I am a prepaid customer for hotlink, do I entittle for the IPO under customer category
A: Based on the prospectus info, those are reserved for
1)
4,175,000 Offer Shares, representing 0.05% of the existing issued and paidup share capital of the Company, have been reserved for 4,175 eligible active Elite members of the Maxis One Club whose accounts are not overdue
as at 30 June 2009. The active Elite members of the Maxis One Club are eligible to apply for the Offer Shares if their monthly charges for the past 12 months ended 30 June 2009 are above RM1,000 per month and they have
been Elite members of the Maxis One Club for at least 12 months as at 30 June 2009;
and
2)
are set aside under a restricted ballot for 450,000 eligible active postpaid customers of Maxis (excluding Elite members of the Maxis One Club) who have been customers of Maxis for the 4 years ended 30 June 2009 and whose accounts are not overdue as at 30 June 2009. The successful applicants will receive 1,000 Offer Shares each
Hence, prepaid customers still under the Public category.
Q: how much does the 1,000 offer shares cost? Is it RM1,000 or RM10,000?
A: It is depends on the unit price per share.
Based on today information, Maxis IPO price will equal the lower of
1)The IPO price of RM5.20 per share
AND
2) 95% of the institutional price to be determined by way of book keeping (subject to rounding to the nearest sen.
1000 shares should be RM 5200 (1000 x Rm5.20).
Continue….