KUALA LUMPUR: Glove maker Harps Holdings Bhd is issuing 2.6 billion shares consisting of institutional offering and retail offering for its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia. This represents 26% of its enlarged issued capital, according to its prospectus exposure on the Securities Commission website. The institutional offering involves the offering of up to 2.3 billion IPO shares, representing up to 23.00% of its issued share capital. Harps said 1.15 billion shares, representing 11.5% its its issued share capital will be for Bumiputera investors approved by the MITI. The retail offering involves the offering of 300 million IPO shares, representing 3.00% of its issued share capital.