ListedACE Market· 0255

Ecoscience International IPO

Industrial Products & Services, Industrial Engineering. Offered at RM0.30 a share, listed on 18 Jul 2022.

Offer price

RM0.30

Shares offered

112.2m

RM34m at offer

Market cap at listing

RM102m

Offer period

21 Jun 2022 to 1 Jul 2022

Listing date

18 Jul 2022

Principal adviser

Hong Leong Investment Bank Berhad

Timeline

Offer opens
21 Jun 2022
Offer closes
1 Jul 2022
Balloting
Done
Listed
18 Jul 2022

Oversubscription

7.2×

Public applications for 7.2 times the shares on offer, 3,908 applications.

First day of trading

-3.3%

Opened below the offer price, closed -13.3% on day one.

About Ecoscience International

Ecoscience builds palm oil mills from the ground up, handling construction, in-house fabrication of milling machinery, and supply of materials all under one roof.

First-day forecast

CISCOM's forecast for Ecoscience International 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.