Was KEB's ACE Market IPO Really Oversubscribed? Barely — by 0.80%

KEB Berhad’s ACE Market IPO was oversubscribed — technically. The property developer’s public portion drew just 0.80% more applications than shares on offer, Bursa filings show, and only cleared in full because a stronger Bumiputera tranche bailed out a weaker public one. KEB lists 16 November at 35 sen a share.

How One Tranche Saved the Other

• 27.31 million Bumiputera shares were applied for, against 22.06 million on offer — a 23.8% surplus.
• The non-Bumiputera portion fell short, drawing 17.16 million applications for the same 22.06 million on offer.
• The surplus was clawed back to cover the shortfall, per the prospectus — leaving the public portion just barely covered.

The Same Day, MyDCD Sold Out 36 Times Over

• MyDCD’s public portion drew 28,816 applications for 3.36 billion shares — 36.46 times the 89.7 million on offer.
• Both debutants ballot the same day, 4 November — KEB lists 16 Nov, MyDCD 17 Nov.

We first covered MyDCD’s pricing and prospectus in MyDCD’s IPO Prices a RM1 Billion Data-Centre Contractor at 56 Sen, now updated with its own balloting result. Follow both listings on KEB’s IPO page and Rates.my’s IPO calendar, or compare brokers before the next Bursa IPO application window.

What to watch

• 12 Nov 2026Notices of allotment posted to successful applicants.
• 16 Nov 2026KEB debuts on Bursa’s ACE Market, code 0481.
• 17 Nov 2026MyDCD debuts on Bursa’s ACE Market, code 0482.

Sources & further reading

• Vistra Investor & Issuing House Services, 4 Nov 2026: KEB Berhad press release — public portion oversubscribed
• Malaysian Issuing House, 4 Nov 2026: MyDCD Berhad press release — public portion oversubscribed 36.46 times
• The Edge Malaysia, 23 Oct 2026: KEB to raise RM79.37mil from ACE Market IPO
• Rates.my — MyDCD’s IPO Prices a RM1 Billion Data-Centre Contractor at 56 Sen
• Rates.my — Malaysia IPO calendar