ListedACE Market· 0226· Shariah-compliant

Aneka Jaringan Holdings IPO

Construction. Offered at RM0.33 a share, listed on 20 Oct 2020.

Offer price

RM0.33

Shares offered

139.9m

RM46m at offer

Market cap at listing

RM178m

Offer period

1 Oct 2020 to 9 Oct 2020

Listing date

20 Oct 2020

Principal adviser

Alliance Investment Bank Berhad

Timeline

Offer opens
1 Oct 2020
Offer closes
9 Oct 2020
Balloting
Done
Listed
20 Oct 2020

Oversubscription

12.7×

Public applications for 12.7 times the shares on offer, 9,094 applications.

First day of trading

+6.1%

Opened above the offer price, closed -12.1% on day one.

About Aneka Jaringan Holdings

Aneka Holdings is a foundation and basement construction specialist operating in Malaysia and Indonesia.

First-day forecast

CISCOM's forecast for Aneka Jaringan 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.