OB Holdings (KLSE:OBHB) said its initial public offering was oversubscribed by 109.47 times, according to a Friday Malaysian bourse filing.

The food and beverage (F&B) and dietary supplements manufacturing services provider received 22,753 applicants for 2.16 billion shares issued to the Malaysian public, representing an overall oversubscription rate of 109.47 times.

For the Bumiputera portion, 11,375 applicants for 969.3 million shares were received, translating in to an oversubscription rate of 97.99 times.

For the remaining public portion, OB got 11,378 applications for 1.19 billion shares, showing an oversubscription rate of 120.94 times.

The 7.83 million issue shares available for application by the eligible directors, employees and persons who have contributed to the success of the company were also fully subscribed.

Meanwhile, the 92.6 million shares issued under the private placement were also fully placed out.

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