ListedACE Market· 0299· Shariah-compliant

AGX Group IPO

Transportation & Logistics Services. Offered at RM0.35 a share, listed on 7 Feb 2024.

Offer price

RM0.35

Shares offered

126.5m

RM44m at offer

Market cap at listing

RM152m

Offer period

16 Jan 2024 to 23 Jan 2024

Listing date

7 Feb 2024

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
16 Jan 2024
Offer closes
23 Jan 2024
Balloting
Done
Listed
7 Feb 2024

Oversubscription

15.4×

Public applications for 15.4 times the shares on offer, 5,429 applications.

First day of trading

+17.1%

Opened above the offer price, closed +2.9% on day one.

About AGX Group

AGX Group Berhad is a third-party logistics (3PL) service provider headquartered in Malaysia with physical operations in Malaysia, the Philippines, South Korea, Myanmar, and Singapore.

First-day forecast

CISCOM's forecast for AGX 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.