ListedACE Market· 0453· Shariah-compliant

EI Power IPO

Industrial Products & Services, Industrial Services. Offered at RM0.48 a share, listed on 21 May 2026.

Offer price

RM0.48

Shares offered

199.5m

RM96m at offer

Market cap at listing

RM336m

Offer period

21 Apr 2026 to 6 May 2026

Listing date

21 May 2026

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
21 Apr 2026
Offer closes
6 May 2026
Balloting
Done
Listed
21 May 2026

Oversubscription

30.8×

Public applications for 30.8 times the shares on offer, 21,490 applications.

First day of trading

+27.1%

Opened above the offer price, closed +14.6% on day one.

About EI Power

EI Power is a Malaysian power engineering firm with about 16 years of experience.

First-day forecast

CISCOM's forecast for EI Power 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.