ListedACE Market· 0309· Shariah-compliant

Agricore CS Holdings IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.50 a share, listed on 21 Jun 2024.

Offer price
RM0.50
Shares offered
51.7m
RM26m at offer
Market cap at listing
RM101m
Offer period
30 May 2024 to 7 Jun 2024
Listing date
21 Jun 2024
Principal adviser
M&A Securities Sdn Bhd

Timeline

  1. Offer opens
    30 May 2024
  2. Offer closes
    7 Jun 2024
  3. Balloting
    Done
  4. Listed
    21 Jun 2024
Oversubscription
131.0×

Public applications for 131.0 times the shares on offer, 15,304 applications.

First day of trading
+58%

Opened above the offer price, closed +75% on day one.

About Agricore CS Holdings

Agricore CS Holdings is a Malaysia-based food ingredients group principally engaged in the sourcing and distribution of plant-based agricultural food ingredients (starch products, beans and pulses, grain products) and the production and sale of food additives and fried shallots.

First-day forecast

CISCOM's forecast for Agricore CS 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.

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