Elridge Energy Holdings IPO
Energy, Renewable Energy. Offered at RM0.29 a share, listed on 22 Aug 2024.
Timeline
- Offer opens6 Aug 2024
- Offer closes12 Aug 2024
- BallotingDone
- Listed22 Aug 2024
Public applications for 28.8 times the shares on offer, 25,190 applications.
Opened above the offer price, closed +37.9% on day one.
About Elridge Energy Holdings
EEHB, through its wholly-owned subsidiary BESB, manufactures and trades biomass fuel products — principally palm kernel shells (PKS) and wood pellets — sourced from oil palm plantations, milling companies, and logging transporters in Malaysia and Southeast Asia.
CISCOM's forecast for Elridge Energy 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.
Already a member? Open the full page.
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.