KUALA LUMPUR: Glostrext Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia on Aug 15, saw its initial public offering (IPO) for the public portion oversubscribed by 173.54 times.

The geotechnical instrumentation service provider said a total of 18,730 applications seeking 3.55 billion new shares, valued at RM 674.94mil