ListedACE Market· 0267· Shariah-compliant

ECA Integrated Solution IPO

Technology Equipment. Offered at RM0.17 a share, listed on 23 Nov 2022.

Offer price

RM0.17

Shares offered

198.0m

RM34m at offer

Market cap at listing

RM98m

Offer period

4 Nov 2022 to 11 Nov 2022

Listing date

23 Nov 2022

Principal adviser

UOB Kay Hian Securities (M) Sdn Bhd

Timeline

Offer opens
4 Nov 2022
Offer closes
11 Nov 2022
Balloting
Done
Listed
23 Nov 2022

Oversubscription

110.2×

Public applications for 110.2 times the shares on offer.

First day of trading

+282.4%

Opened above the offer price, closed +344.1% on day one.

About ECA Integrated Solution

ECA Integrated Solution Berhad is an automated manufacturing solution provider that designs, fabricates, and commissions integrated production systems and standalone automated equipment for multinational manufacturers.

First-day forecast

CISCOM's forecast for ECA Integrated Solution 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.