ListedACE Market· 0286

Evergreen Max Cash Capital IPO

Financial Services, Other Financials. Offered at RM0.24 a share, listed on 26 Sept 2023.

Offer price

RM0.24

Shares offered

310.6m

RM75m at offer

Market cap at listing

RM268m

Offer period

29 Aug 2023 to 12 Sept 2023

Listing date

26 Sept 2023

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
29 Aug 2023
Offer closes
12 Sept 2023
Balloting
Done
Listed
26 Sept 2023

Oversubscription

53.1×

Public applications for 53.1 times the shares on offer, 14,568 applications.

First day of trading

+33.3%

Opened above the offer price, closed +31.3% on day one.

About Evergreen Max Cash Capital

EMC Capital operates a network of 22 "Pajaking" pawnshops across Peninsular Malaysia (primarily Kuala Lumpur and Selangor), providing short-term secured pawn loans to individuals.

First-day forecast

CISCOM's forecast for Evergreen Max Cash Capital 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.