ListedMain Market· 5329· Shariah-compliant

Azam Jaya IPO

Construction. Offered at RM0.78 a share, listed on 11 Nov 2024.

Offer price

RM0.78

Shares offered

128.8m

RM100m at offer

Market cap at listing

TBA

Offer period

18 Oct 2024 to 24 Oct 2024

Listing date

11 Nov 2024

Principal adviser

See prospectus

Timeline

Offer opens
18 Oct 2024
Offer closes
24 Oct 2024
Balloting
Done
Listed
11 Nov 2024

Oversubscription

23.0×

Public applications for 23.0 times the shares on offer, 16,014 applications.

First day of trading

+28.2%

Opened above the offer price, closed +39.7% on day one.

First-day forecast

CISCOM's forecast for Azam Jaya 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.