ListedACE Market· 0473· Shariah-compliant

Evocom IPO

Consumer Products & Services, Consumer Services. Offered at RM0.18 a share, listed on 28 Sept 2026.

Offer price
RM0.18
Shares offered
135.9m
RM24m at offer
Market cap at listing
RM82m
Offer period
3 Sept 2026 to 14 Sept 2026
Listing date
28 Sept 2026
Principal adviser
NewParadigm Securities Sdn Bhd

Timeline

  1. Offer opens
    3 Sept 2026
  2. Offer closes
    14 Sept 2026
  3. Balloting
    Done
  4. Listed
    28 Sept 2026
Oversubscription
3.6×

Public applications for 3.6 times the shares on offer.

First day of trading
-16.7%

Opened below the offer price, closed -27.8% on day one.

About Evocom

Evocom supplies workers to e-commerce logistics companies, mainly Shopee Express (SPX), and also runs delivery-related services such as last-mile delivery, air freight transhipment, and parcel shipment.

First-day forecast

CISCOM's forecast for Evocom 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.

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