ListedACE Market· 0367· Shariah-compliant

Enproserve Group IPO

Energy Infrastructure, Equipment & Services. Offered at RM0.24 a share, listed on 18 Jul 2025.

Offer price

RM0.24

Shares offered

315.0m

RM76m at offer

Market cap at listing

RM252m

Offer period

26 Jun 2025 to 8 Jul 2025

Listing date

18 Jul 2025

Principal adviser

KAF Investment Bank Berhad

Timeline

Offer opens
26 Jun 2025
Offer closes
8 Jul 2025
Balloting
Done
Listed
18 Jul 2025

Oversubscription

0.4×

Public applications for 0.4 times the shares on offer, 1,414 applications.

First day of trading

+8.3%

Opened above the offer price, closed +10.4% on day one.

About Enproserve Group

Enproserve is a mechanical and civil engineering services provider focused on plant maintenance and turnaround services, EPCC, and facilities management for Malaysia's downstream oil & gas and petrochemical sector.

First-day forecast

CISCOM's forecast for Enproserve 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.