The retail tranche of 800,000 shares was 17.3 times subscribed whereas the placement tranche of 38.05 million shares was 1.3 times subscribed.
Mooreast Holdings, which specialises in providing mooring systems for the offshore and renewable energy industries, has received strong demand for its IPO which raised $8.5 million in gross proceeds.
A total of 38.85 million IPO shares were sold at 22 cents a share.
