KUALA LUMPUR: Gold jewellery wholesaler and manufacturer YX Precious Metals Bhd’s (YXPM) public portion of its initial public offering (IPO) has been oversubscribed by 26.36 times.

       The company, a subsidiary of the Main Market-listed Tomei Consolidated Bhd, has received 8,105 applications for 509.16 million shares with a value of RM142.57mil from the public.

       In a statement, the group said that for the bumiputra portion, 3,923 applications for 173.55 million shares were received, representing an oversubscription of 17.65 times.

       For the public portion, 4,182 applications for 335.61 million shares were received, representing an oversubscription of 35.07 times.