ListedACE Market· 0263· Shariah-compliant

Betamek IPO

Industrial Products & Services, Auto Parts. Offered at RM0.50 a share, listed on 26 Oct 2022.

Offer price

RM0.50

Shares offered

112.5m

RM56m at offer

Market cap at listing

RM225m

Offer period

28 Sept 2022 to 7 Oct 2022

Listing date

26 Oct 2022

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
28 Sept 2022
Offer closes
7 Oct 2022
Balloting
Done
Listed
26 Oct 2022

Oversubscription

17.1×

Public applications for 17.1 times the shares on offer.

First day of trading

+23%

Opened above the offer price, closed +42% on day one.

About Betamek

Betamek provides electronics manufacturing services (EMS) to the Malaysian automotive market, specialising in design, procurement and manufacture of vehicle audio/visual systems and accessories through its wholly-owned subsidiary BESB.

First-day forecast

CISCOM's forecast for Betamek 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.