ListedACE Market· 0246· Shariah-compliant

Cnergenz IPO

Technology Equipment. Offered at RM0.58 a share, listed on 24 May 2022.

Offer price

RM0.58

Shares offered

150.0m

RM87m at offer

Market cap at listing

RM289m

Offer period

29 Apr 2022 to 11 May 2022

Listing date

24 May 2022

Principal adviser

UOB Kay Hian Securities (M) Sdn Bhd

Timeline

Offer opens
29 Apr 2022
Offer closes
11 May 2022
Balloting
Done
Listed
24 May 2022

Oversubscription

40.3×

Public applications for 40.3 times the shares on offer.

First day of trading

+4.3%

Opened above the offer price, closed 0% on day one.

About Cnergenz

Cnergenz is an investment holding company that, through its wholly-owned subsidiary SiP Technology, provides electronics manufacturing solutions specialising in surface mount technology (SMT) for the electronics and semiconductor industries.

First-day forecast

CISCOM's forecast for Cnergenz 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.