ListedACE Market· 0355· Shariah-compliant

Fibromat (M) IPO

Industrial Products & Services, Industrial Services. Offered at RM0.55 a share, listed on 8 May 2025.

Offer price

RM0.55

Shares offered

57.1m

RM31m at offer

Market cap at listing

RM137m

Offer period

11 Apr 2025 to 25 Apr 2025

Listing date

8 May 2025

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
11 Apr 2025
Offer closes
25 Apr 2025
Balloting
Done
Listed
8 May 2025

Oversubscription

1.0×

Public applications for 1.0 times the shares on offer, 1,261 applications.

First day of trading

-16.4%

Opened below the offer price, closed -10% on day one.

About Fibromat (M)

Fibromat is a Malaysian geotechnical solutions provider offering design, manufacturing, and installation of solutions using geosynthetics, erosion control, and biomass products for the construction industry.

First-day forecast

CISCOM's forecast for Fibromat (M) 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.