Eversafe Rubber IPO
Industrial Products & Services, Auto Parts. Offered at RM0.36 a share, listed on 21 Apr 2017.
Timeline
- Offer opens31 Mar 2017
- Offer closes10 Apr 2017
- BallotingDone
- Listed21 Apr 2017
Public applications for 65.0 times the shares on offer.
Opened above the offer price, closed +15.3% on day one.
About Eversafe Rubber
Development, manufacturing and distribution of tyre retreading materials (masterbatch, pre-cured tread liners, camelbacks, cushion gums, repair ropes, sidewall veneers and orbitreads) as well as tyre retreading operations through its subsidiary Olympic.
CISCOM's forecast for Eversafe Rubber 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.