ListedACE Market· 0239· Shariah-compliant

Ecomate Holdings IPO

Consumer Products & Services, Houshold Goods. Offered at RM0.33 a share, listed on 8 Nov 2021.

Offer price

RM0.33

Shares offered

79.0m

RM26m at offer

Market cap at listing

RM116m

Offer period

15 Oct 2021 to 25 Oct 2021

Listing date

8 Nov 2021

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
15 Oct 2021
Offer closes
25 Oct 2021
Balloting
Done
Listed
8 Nov 2021

Oversubscription

98.9×

Public applications for 98.9 times the shares on offer.

First day of trading

+106.1%

Opened above the offer price, closed +47.0% on day one.

About Ecomate Holdings

Ecomate Holdings is an investment holding company whose subsidiary designs, produces and markets ready-to-assemble (RTA) furniture — primarily living room and bedroom pieces — under a made-to-order, flat-pack model.

First-day forecast

CISCOM's forecast for Ecomate 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.