Offers for the shares came close to HUF 10.7 bln.
Institutional investors subscribed 1,694,682 shares in the offer and retail investors 554,670 shares.
Masterplast had planned to raise HUF 8 bln-10 bln with the issue to fund expansion plans.
When the offer was announced, Chairman Dávid Tibor said Masterplast would use the fresh capital to build a mineral wool plant and a fiberglass factory.
The mineral wool plant, planned in Sremska Mitrovica, Serbia, would be funded in part by a Hungarian government grant for expansion abroad by local companies, he said. A decision on the grant money is expected by year-end, he added.
The fiberglass factory is in the "preliminary planning" stages, and a final decision on the investment could be taken if the share offering is successful, he said.
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