ListedACE Market· 0283· Shariah-compliant

DC Healthcare Holdings IPO

Health Care Providers. Offered at RM0.25 a share, listed on 17 Jul 2023.

Offer price

RM0.25

Shares offered

298.9m

RM75m at offer

Market cap at listing

RM249m

Offer period

27 Jun 2023 to 5 Jul 2023

Listing date

17 Jul 2023

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
27 Jun 2023
Offer closes
5 Jul 2023
Balloting
Done
Listed
17 Jul 2023

Oversubscription

59.5×

Public applications for 59.5 times the shares on offer, 17,614 applications.

First day of trading

+60%

Opened above the offer price, closed +80% on day one.

About DC Healthcare Holdings

DC Healthcare Holdings Berhad operates a chain of 13 aesthetic medical clinics in Malaysia's Central and Southern Regions under the 'Dr Chong Clinic' brand, specialising in Non-Invasive and Minimally Invasive aesthetic procedures (laser, body contouring, skin treatments) alongside general medical services.

First-day forecast

CISCOM's forecast for DC Healthcare 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.