Nov. 5--The shares of state media company MCOT Plc proved a smash hit yesterday, with retail investors oversubscribing by nearly 13 times the shares allocated.
Pongsathorn Siriyodhin, acting-president for Krung Thai Bank, said a total of 105,500 subscriptions were received yesterday for 626.5 million shares. Krung Thai Bank was the sole agent for the 48.4 million shares allocated to retail investors.
The retail offering will be allocated randomly by Settrade.com, a subsidiary of the Stock Exchange of Thailand.
Allocations will be made using a ladder system, where applicants subscribing to 500-4,500 shares will be allocated first, 4,500-27,000 shares second and those larger than 27,001 last. Investors will be notified of their allocations on Tuesday.
MCOT is offering a total …