ListedACE Market· 0291· Shariah-compliant

Critical Holdings IPO

Industrial Products & Services, Industrial Services. Offered at RM0.35 a share, listed on 18 Dec 2023.

Offer price
RM0.35
Shares offered
111.5m
RM39m at offer
Market cap at listing
RM130m
Offer period
27 Nov 2023 to 5 Dec 2023
Listing date
18 Dec 2023
Principal adviser
MIDF Amanah Investment Bank Berhad

Timeline

  1. Offer opens
    27 Nov 2023
  2. Offer closes
    5 Dec 2023
  3. Balloting
    Done
  4. Listed
    18 Dec 2023
Oversubscription
88.1×

Public applications for 88.1 times the shares on offer, 13,038 applications.

First day of trading
+42.9%

Opened above the offer price, closed +62.9% on day one.

About Critical Holdings

Investment holding company whose subsidiaries provide design and build, project management, supply, installation, testing, commissioning, maintenance and services support of MEP (mechanical, electrical and process utilities) systems and equipment for critical facilities including data centres, cleanrooms and…

First-day forecast

CISCOM's forecast for Critical Holdings 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.

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