ListedACE Market· 0231· Shariah-compliant

Flexidynamic Holdings IPO

Industrial Products & Services, Industrial Services. Offered at RM0.20 a share, listed on 30 Mar 2021.

Offer price

RM0.20

Shares offered

75.2m

RM15m at offer

Market cap at listing

RM57m

Offer period

9 Mar 2021 to 16 Mar 2021

Listing date

30 Mar 2021

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
9 Mar 2021
Offer closes
16 Mar 2021
Balloting
Done
Listed
30 Mar 2021

Oversubscription

155.7×

Public applications for 155.7 times the shares on offer.

First day of trading

+245%

Opened above the offer price, closed +115% on day one.

About Flexidynamic Holdings

Flexidynamic designs, engineers, installs and commissions glove chlorination systems for the rubber glove manufacturing industry, complemented by in-house manufacturing of centrifugal fans and storage/process tanks.

First-day forecast

CISCOM's forecast for Flexidynamic 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.