ListedACE Market· 0467· Shariah-compliant

Enest Group IPO

Consumer Products & Services, Consumer Services. Offered at RM0.13 a share, listed on 15 Jul 2026.

Offer price

RM0.13

Shares offered

131.3m

RM17m at offer

Market cap at listing

RM76m

Offer period

26 Jun 2026 to 2 Jul 2026

Listing date

15 Jul 2026

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
26 Jun 2026
Offer closes
2 Jul 2026
Balloting
Done
Listed
15 Jul 2026

Oversubscription

1.9×

Public applications for 1.9 times the shares on offer, 2,871 applications.

First day of trading

Opened at the offer price, closed -19.2% on day one.

About Enest Group

Enest Group collects raw bird's nests from swiftlet farms across Malaysia, cleans and processes them by hand, then sells the finished nests mainly to distributors and importers in China.

First-day forecast

CISCOM's forecast for Enest Group 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.