ListedACE Market· 0331· Shariah-compliant

Cropmate IPO

Industrial Products & Services, Chemicals. Offered at RM0.20 a share, listed on 5 Dec 2024.

Offer price

RM0.20

Shares offered

260.0m

RM52m at offer

Market cap at listing

RM148m

Offer period

15 Nov 2024 to 22 Nov 2024

Listing date

5 Dec 2024

Principal adviser

Hong Leong Investment Bank Berhad (HLIB)

Timeline

Offer opens
15 Nov 2024
Offer closes
22 Nov 2024
Balloting
Done
Listed
5 Dec 2024

Oversubscription

84.9×

Public applications for 84.9 times the shares on offer, 21,392 applications.

First day of trading

+22.5%

Opened above the offer price, closed +5% on day one.

About Cropmate

Cropmate is an investment holding company whose subsidiary formulates and blends conventional and specialty fertilisers (targeting oil palm plantations and durian orchards) and trades straight fertilisers and related products.

First-day forecast

CISCOM's forecast for Cropmate 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.