Adnex Group IPO
Construction. Offered at RM0.20 a share, listed on 17 Mar 2026.
Timeline
- Offer opens26 Feb 2026
- Offer closes5 Mar 2026
- BallotingDone
- Listed17 Mar 2026
Public applications for 3.2 times the shares on offer.
Opened above the offer price, closed +25% on day one.
About Adnex Group
Adnex Group is a Malaysia-based interior fit-out services provider with approximately 21 years of operating history since 2004, offering both turnkey fit-out services and interior fit-out works primarily for commercial properties including corporate offices, F&B outlets, and sales galleries.
CISCOM's forecast for Adnex Group 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.