ListedMain Market· 5306· Shariah-compliant

Farm Fresh IPO

Consumer Products & Services, Food & Beverages. Offered at RM1.35 a share, listed on 22 Mar 2022.

Offer price

RM1.35

Shares offered

743.2m

RM1.00bn at offer

Market cap at listing

RM2.51bn

Offer period

28 Feb 2022 to 8 Mar 2022

Listing date

22 Mar 2022

Principal adviser

CIMB Investment Bank Berhad

Timeline

Offer opens
28 Feb 2022
Offer closes
8 Mar 2022
Balloting
Done
Listed
22 Mar 2022

Oversubscription

18.7×

Public applications for 18.7 times the shares on offer.

First day of trading

+25.9%

Opened above the offer price, closed +27.4% on day one.

About Farm Fresh

A fast-growing vertically integrated dairy group engaged in the business of farming, manufacturing and distribution of various dairy products and plant-based products. Principal activity is rearing dairy cows and sale of dairy cows' milk.

First-day forecast

CISCOM's forecast for Farm Fresh 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.