KK Mart eyes Bursa main market listing with proposed 840 million-share IPO

It includes 630 million existing shares and 210 million new shares.

KK Mart Retail Berhad (KK Mart) has proposed an initial public offering (IPO) on the main market of Bursa Malaysia Securities Berhad.

The IPO involves up to 840,000,000 ordinary shares, comprising an offer for sale of up to 630,000,000 existing shares and a public issue of 210,000,000 new shares.

The shares will be offered through both an institutional and retail offering as part of the listing of KK Mart’s enlarged issued share capital.

The institutional offering consists of up to 735,000,000 IPO shares to institutional and selected investors, including approved Bumiputera investors, with pricing determined through a book-building process.

The retail offering consists of 105,000,000 issue shares made available to directors, eligible employees, contributors to the group’s success, and the Malaysian public at a retail price payable upon application, subject to adjustment based on the final retail price.

The final retail price will be the lower of the retail price or the institutional price, subject to clawback, reallocation provisions, and an over-allotment option.

Maybank Investment Bank Berhad is the principal adviser for the IPO.