ListedACE Market· 0323· Shariah-compliant

Crest Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.35 a share, listed on 9 Oct 2024.

Offer price

RM0.35

Shares offered

234.6m

RM82m at offer

Market cap at listing

RM303m

Offer period

18 Sept 2024 to 25 Sept 2024

Listing date

9 Oct 2024

Principal adviser

MIDF Amanah Investment Bank Berhad

Timeline

Offer opens
18 Sept 2024
Offer closes
25 Sept 2024
Balloting
Done
Listed
9 Oct 2024

Oversubscription

73.9×

Public applications for 73.9 times the shares on offer, 33,826 applications.

First day of trading

+12.9%

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

About Crest Group

Crest Group is an investment holding company whose subsidiaries provide imaging, analytical and test solutions used for quality inspection, sample analysis, and R&D across semiconductor, electronics, automotive, oil and gas, aviation, and life sciences industries.

First-day forecast

CISCOM's forecast for Crest 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.