ListedACE Market· 0187· Shariah-compliant

BCM Alliance IPO

Industrial Products & Services, Industrial Services. Offered at RM0.19 a share, listed on 24 Oct 2016.

Offer price

RM0.19

Shares offered

126.4m

RM24m at offer

Market cap at listing

RM80m

Offer period

28 Sept 2016 to 10 Oct 2016

Listing date

24 Oct 2016

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
28 Sept 2016
Offer closes
10 Oct 2016
Balloting
Done
Listed
24 Oct 2016

Oversubscription

49.9×

Public applications for 49.9 times the shares on offer.

First day of trading

+11.4%

Opened above the offer price, closed -11.3% on day one.

About BCM Alliance

Distribution of equipment specialising in commercial laundry equipment and medical devices industries in Malaysia, including supply, installation, testing and commissioning of vended and on-premise commercial laundry equipment, medical imaging equipment, and disinfection, sterilisation and surgical room equipment.

First-day forecast

CISCOM's forecast for BCM Alliance 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.