ListedACE Market· 0335· Shariah-compliant

Carlo Rino Group IPO

Consumer Products & Services, Personal Goods. Offered at RM0.27 a share, listed on 18 Dec 2024.

Offer price

RM0.27

Shares offered

171.9m

RM46m at offer

Market cap at listing

RM264m

Offer period

28 Nov 2024 to 5 Dec 2024

Listing date

18 Dec 2024

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
28 Nov 2024
Offer closes
5 Dec 2024
Balloting
Done
Listed
18 Dec 2024

Oversubscription

18.4×

Public applications for 18.4 times the shares on offer, 13,395 applications.

First day of trading

-13.0%

Opened below the offer price, closed -14.8% on day one.

About Carlo Rino Group

Rino brands, targeting young female working adults aged 18–35 in the middle-income segment.

First-day forecast

CISCOM's forecast for Carlo Rino 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.