ListedMain Market· 5326

99 Speed Mart Retail Holdings IPO

Consumer Products & Services, Retailers. Offered at RM1.65 a share, listed on 9 Sept 2024.

Offer price

RM1.65

Shares offered

1.43bn

RM2.36bn at offer

Market cap at listing

RM13.86bn

Offer period

15 Aug 2024 to 23 Aug 2024

Listing date

9 Sept 2024

Principal adviser

CIMB Investment Bank Berhad

Timeline

Offer opens
15 Aug 2024
Offer closes
23 Aug 2024
Balloting
Done
Listed
9 Sept 2024

Oversubscription

3.0×

Public applications for 3.0 times the shares on offer, 49,354 applications.

First day of trading

+12.1%

Opened above the offer price, closed +13.9% on day one.

About 99 Speed Mart Retail Holdings

99 Speed Mart Retail Holdings operates the '99 Speedmart' chain of mini-market outlets across Malaysia, retailing fast-moving consumer goods (FMCG) including food and beverages, personal care, and household products.

First-day forecast

CISCOM's forecast for 99 Speed Mart Retail Holdings 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.