No. of Shares to be issued under the Public Issue 222,954,700
No. of Shares to be offered under the Offer for Sale 520,227,200
Enlarged no. of Shares upon Listing 1,857,954,837
Paid-up share capital upon Listing RM 380,742,000
IPO Price per Share RM 1.35
Market capitalisation (calculated based on the IPO Price and enlarged number of Shares upon Listing) RM 2,508,239,030

Our IPO consists of the Institutional Offering and the Retail Offering, totalling up to 743,181,900 IPO Shares, representing up to 40.0% of our enlarged issued share capital.

Institutional Offering

The Institutional Offering involves the offering of up to 687,443,200 IPO Shares, (comprising up to 520,227,200 Offer Shares and 167,216,000 Issue Shares) representing up to about 37.0% of our enlarged issued share capital, subject to the clawback and reallocation provisions and the Over-allotment Option, at the Institutional Price to the following persons:

  1. 167,216,000 Issue Shares and up to 65,028,400 Offer Shares, in aggregate, representing up to about 12.5% of our enlarged issued share capital to Bumiputera investors approved by the MITI; and
  2. up to 455,198,800 Offer Shares, in aggregate, representing up to about 24.5% of our enlarged issued share capital to:
    1. Malaysian institutional and selected investors (other than Bumiputera investors approved by the MITI); and
    2. foreign institutional and selected investors outside the United States in reliance on Regulation S.

Retail Offering

The Retail Offering involves the offering of 55,738,700 Issue Shares, representing about 3.0% of our enlarged issued share capital, subject to the clawback and reallocation provisions, at the Retail Price to be allocated in the following manner:

  1. Allocation to the Eligible Persons
    18,579,600 Issue Shares, representing about 1.0% of our enlarged issued share capital, are reserved for application by the Eligible Persons.
  2. Allocation via balloting to the Malaysian Public
    37,159,100 Issue Shares, representing about 2.0% of our enlarged issued share capital, are reserved for application by the Malaysian Public of which 18,579,550 Issue Shares have been set aside for application by Bumiputera citizens, individuals, companies, co-operatives, societies and institutions.

* Please read this section in conjunction with Section 3.1 on page 9 and Section 4.2 on page 19 to page 32 of Farm Fresh Berhad’s Prospectus dated 28 February 2022.