ListedACE Market· 0345· Shariah-compliant

ES Sunlogy IPO

Construction. Offered at RM0.30 a share, listed on 20 Feb 2025.

Offer price

RM0.30

Shares offered

210.0m

RM63m at offer

Market cap at listing

RM210m

Offer period

27 Jan 2025 to 5 Feb 2025

Listing date

20 Feb 2025

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
27 Jan 2025
Offer closes
5 Feb 2025
Balloting
Done
Listed
20 Feb 2025

Oversubscription

60.1×

Public applications for 60.1 times the shares on offer, 23,723 applications.

First day of trading

+1.7%

Opened above the offer price, closed 0% on day one.

About ES Sunlogy

ES Sunlogy provides mechanical and electrical (M&E) engineering services for industrial, commercial and residential properties as well as solar facilities, covering electrical distribution systems and building services.

First-day forecast

CISCOM's forecast for ES Sunlogy 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.