ListedACE Market· 0458· Shariah-compliant

Elsa IPO

Energy Infrastructure, Equipment & Services. Offered at RM0.23 a share, listed on 16 Jun 2026.

Offer price

RM0.23

Shares offered

154.8m

RM36m at offer

Market cap at listing

RM124m

Offer period

21 May 2026 to 3 Jun 2026

Listing date

16 Jun 2026

Principal adviser

Malacca Securities Sdn Bhd

Timeline

Offer opens
21 May 2026
Offer closes
3 Jun 2026
Balloting
Done
Listed
16 Jun 2026

Oversubscription

26.9×

Public applications for 26.9 times the shares on offer, 9,090 applications.

First day of trading

+8.7%

Opened above the offer price, closed +19.6% on day one.

About Elsa

Elsa Energy Berhad is a PETRONAS-licensed O&G service and equipment solutions provider in Malaysia, operating across four segments: oilfield service solutions (subsurface geoscience, petroleum engineering, production optimisation, well services), talent solutions (HR management and talent sourcing), digital…

First-day forecast

CISCOM's forecast for Elsa 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.