ListedACE Market· 0304· Shariah-compliant

Farm Price Holdings IPO

Consumer Products & Services, Consumer Services. Offered at RM0.24 a share, listed on 14 May 2024.

Offer price

RM0.24

Shares offered

135.0m

RM32m at offer

Market cap at listing

RM108m

Offer period

24 Apr 2024 to 30 Apr 2024

Listing date

14 May 2024

Principal adviser

Alliance Islamic Bank Berhad

Timeline

Offer opens
24 Apr 2024
Offer closes
30 Apr 2024
Balloting
Done
Listed
14 May 2024

Oversubscription

91.3×

Public applications for 91.3 times the shares on offer, 16,647 applications.

First day of trading

+100%

Opened above the offer price, closed +70.8% on day one.

About Farm Price Holdings

Farm Price Holdings buys and distributes fresh vegetables, packaged food, drinks, and groceries in bulk (wholesale) to businesses across Malaysia and Singapore.

First-day forecast

CISCOM's forecast for Farm Price Holdings 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.