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REIT IPO result

IOIPG REIT's IPO Price Cut to 91 Sen Ahead of 25 November Listing

RaymondRates.my2 min read
IOIPG Malaysia REIT IPO page: the live terms, timetable, ballot result and first-day close, checked daily →

IOIPG Malaysia REIT's institutional bookbuild fixed its final price at 91 sen — 5 sen below the 96 sen retail price — so successful applicants get a refund. The Malaysian-public tranche was only 0.59 times oversubscribed, the softest ballot of this quarter's Bursa REIT and IPO run, ahead of its 25 November listing.

91 sen
Final institutional & retail price
5 sen below the 96 sen indicative price
1.59×
Public-tranche subscription rate
0.33× Bumiputera, 2.85× other Malaysian public
25 Nov 2026
Main Market debut
13 days after the 12 Nov ballot

The ballot, tranche by tranche

IOIPG REIT — MALAYSIAN-PUBLIC DEMAND, BY PORTIONMalaysian Issuing House press release, 12 Nov 2026 · one scale, all three barsBumiputera portion0.33×Other Malaysian public2.85×Overall public portion1.59×1×The 1.59× headline figure is the overall public portion — the Bumiputera tranche fell short of it.
IOIPG REIT's Malaysian-public demand by portion, shown as subscription rate (applied ÷ offered) rather than oversubscription, because the Bumiputera tranche came in under 1 times.
  • 10,859 applications covered the Malaysian-public tranche, worth about RM159.3 million at the final price.
  • Just 1,745 applications came in for the Bumiputera tranche, triggering a clawback to the public pool.
  • All 55 million Pink Form units for directors, staff and associates were fully taken up.
A low-angle view of office towers and residential blocks forming a mixed-use city skyline
IOIPG REIT's nine assets — IOI City Mall, six hotels and two office towers — are valued at RM7.66 billion.

Why there's a refund coming

  • Existing IOIPG shareholders applied for 604.2 million units, 1.10 times what was reserved for them.
  • The refund goes out within 10 trading days of the ballot, with no interest.
  • The projected yield rises to 6.96%, up from 6.60% at the original price.

We covered the pricing and prospectus data, and TA Securities' fair value, in TA Securities Sees 12.5% Upside for IOIPG REIT Ahead of Its 25 November Listing. Follow the listing on the IOIPG Malaysia REIT IPO page (live terms, allotment and first-day close), see every open and upcoming Bursa listing on Rates.my's IPO calendar, or compare brokers before the units start trading.

What to watch

  • 24 Nov 2026Notices of allotment are mailed to successful applicants.
  • 25 Nov 2026IOIPG Malaysia REIT lists on Bursa's Main Market at an indicative RM5.0 billion market cap.
  • Your CDS statementCheck your broker's app or CDS account for your actual unit allotment and refund.
Not financial advice. This is general information on IOIPG Malaysia REIT's IPO balloting result and pricing, based on public filings cited below, including one named broker's fair value. It is not a recommendation to buy, hold or sell any units, 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 IOIPG REIT's 25 Nov debut

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