ListedACE Market· 0313· Shariah-compliant

Bwys Group IPO

Industrial Products & Services, Metals. Offered at RM0.22 a share, listed on 22 Jul 2024.

Offer price

RM0.22

Shares offered

356.3m

RM78m at offer

Market cap at listing

RM226m

Offer period

18 Jun 2024 to 5 Jul 2024

Listing date

22 Jul 2024

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
18 Jun 2024
Offer closes
5 Jul 2024
Balloting
Done
Listed
22 Jul 2024

Oversubscription

48.5×

Public applications for 48.5 times the shares on offer, 23,223 applications.

First day of trading

+45.5%

Opened above the offer price, closed +59.1% on day one.

About Bwys Group

BWYS Group is an investment holding company whose subsidiaries manufacture sheet metal products (roofing sheets, roof trusses, industrial racking systems, welded pipes) and supply scaffoldings, complemented by trading of steel materials and related products.

First-day forecast

CISCOM's forecast for Bwys 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.