ListedACE Market· 0317· Shariah-compliant

EPB Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.56 a share, listed on 23 Aug 2024.

Offer price

RM0.56

Shares offered

111.6m

RM62m at offer

Market cap at listing

RM208m

Offer period

27 Jun 2024 to 31 Jul 2024

Listing date

23 Aug 2024

Principal adviser

Malacca Securities Sdn. Bhd.

Timeline

Offer opens
27 Jun 2024
Offer closes
31 Jul 2024
Balloting
Done
Listed
23 Aug 2024

Oversubscription

61.1×

Public applications for 61.1 times the shares on offer, 25,756 applications.

First day of trading

+16.1%

Opened above the offer price, closed +10.7% on day one.

About EPB Group

EPB Group is a one-stop provider of food processing and packaging machinery solutions, designing, customising, fabricating, integrating and automating production lines for food manufacturers across Malaysia, Indonesia, the Philippines and other markets.

First-day forecast

CISCOM's forecast for EPB 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.