ListedACE Market· 0243· Shariah-compliant

Cengild Medical IPO

Health Care Providers. Offered at RM0.33 a share, listed on 18 Apr 2022.

Offer price

RM0.33

Shares offered

218.8m

RM72m at offer

Market cap at listing

RM270m

Offer period

30 Mar 2022 to 5 Apr 2022

Listing date

18 Apr 2022

Principal adviser

Hong Leong Investment Bank Berhad

Timeline

Offer opens
30 Mar 2022
Offer closes
5 Apr 2022
Balloting
Done
Listed
18 Apr 2022

Oversubscription

44.5×

Public applications for 44.5 times the shares on offer, 17,462 applications.

First day of trading

+50%

Opened above the offer price, closed +40.9% on day one.

About Cengild Medical

Cengild Medical operates Malaysia's only independent full-fledged medical centre specialising in gastrointestinal and liver diseases and obesity, located at Nexus @ Bangsar South, Kuala Lumpur.

First-day forecast

CISCOM's forecast for Cengild Medical 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.