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IPO result

Big Caring Group's IPO Oversubscribed 4.31 Times Ahead of 19 November Listing

RaymondRates.my2 min read
Big Caring Group IPO page: the live terms, timetable, ballot result and first-day close, checked daily →

Big Caring Group's Main Market IPO closed 4.31 times oversubscribed for the Malaysian public, the issuing house says. The institutional price was fixed at RM1.08 — the same as the prospectus ceiling — so no retail refund is due. The pharmacy chain debuts 19 November 2026.

4.31×
Public-portion oversubscription
0.94× Bumiputera, 7.68× other Malaysian public
29,474
Applications filed
for 783.7m shares (147.6m on offer)
19 Nov 2026
Main Market debut
Nine days after balloting

How the demand broke down

BIG CARING GROUP — MALAYSIAN-PUBLIC DEMAND, BY TRANCHEMalaysian Issuing House press release, 10 Nov 2026 · one scale, all three barsBumiputera portion0.94×Other Malaysian public7.68×Overall public portion4.31×The 4.31× headline figure is the overall public portion, not any single tranche above.
Big Caring Group's Malaysian-public demand by tranche. The other-Malaysian-public portion ran far hotter than the Bumiputera portion; the 4.31× headline is the overall figure, not either tranche alone.
  • 29,474 applications were filed for the Malaysian public portion, worth about RM846 million in total.
  • The 120 million Eligible Persons shares — for directors, staff and contributors — were fully subscribed after clawback.
  • The 1.61 billion-share Institutional Offering was fully subscribed too; 19 cornerstone investors took up 41.2% of it.
Blister packs of orange and white capsules spilling from a medicine bottle
BIG Pharmacy and CARiNG together run more than 600 outlets — the retail network behind this IPO.

What brokers think it's worth

  • The institutional tranche priced at the ceiling — a sign of strong book demand, per the issuing house.
  • Three brokers already have a view — MBSB, TA Research and Malacca Securities — citing stock code 5358.
  • Notices of allotment go out by 18 November — one day before the 19 November debut.
“As we embark on our next chapter, we will continue to strengthen our distribution capabilities, improve operational efficiency and optimise our balance sheet and provide a solid foundation for our next phase of growth.”
— Lee Meng Chuan, Group Managing Director cum Group CEO, Big Caring Group — The Star, 29 Oct 2026

We first covered the pricing and prospectus data in Big Caring IPO Malaysia November 2026: Price, Data and Analysis. Follow the listing on the Big Caring Group IPO page (live terms, ballot result and first-day close), see every open and upcoming Bursa listing on Rates.my's IPO calendar, or compare brokers before the shares start trading.

What to watch

  • 18 Nov 2026Notices of allotment are mailed to successful applicants.
  • 19 Nov 2026Big Caring Group lists on Bursa's Main Market at an indicative RM8.0 billion market cap.
  • Your CDS statementCheck your broker's app or CDS account for your actual share allotment.
Not financial advice. This is general information on Big Caring Group Berhad's IPO balloting result and prospectus disclosures, based on public filings and reporting cited below, including three named brokers' fair values. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue its own price targets or forecasts. Confirm current terms with your broker.

Sources & further reading

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Compare brokers before Big Caring's 19 Nov debut

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