ListedACE Market· 0328

3ren IPO

Technology, Semiconductors. Offered at RM0.28 a share, listed on 6 Nov 2024.

Offer price

RM0.28

Shares offered

155.0m

RM43m at offer

Market cap at listing

RM182m

Offer period

9 Oct 2024 to 23 Oct 2024

Listing date

6 Nov 2024

Principal adviser

KAF Investment Bank Berhad

Timeline

Offer opens
9 Oct 2024
Offer closes
23 Oct 2024
Balloting
Done
Listed
6 Nov 2024

Oversubscription

84.1×

Public applications for 84.1 times the shares on offer, 25,768 applications.

First day of trading

+19.6%

Opened above the offer price, closed +41.1% on day one.

About 3ren

3REN is a Malaysia-based automation solutions and engineering services provider serving the semiconductor and electronics industry.

First-day forecast

CISCOM's forecast for 3ren is available to Pro members.

Every IPO gets a projected first-day range and a probability of opening above the offer price, built from the most similar past listings on Bursa Malaysia. Across 246 IPOs in the walk-forward back-test, the model called the first-day direction right 74% of the time. Educational estimates, not investment advice.

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Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.