ListedACE Market· 0206· Shariah-compliant

Gagasan Nadi Cergas IPO

Construction. Offered at RM0.30 a share, listed on 8 Jan 2019.

Offer price

RM0.30

Shares offered

200.0m

RM60m at offer

Market cap at listing

TBA

Offer period

13 Dec 2018 to 24 Dec 2018

Listing date

8 Jan 2019

Principal adviser

See prospectus

Timeline

Offer opens
13 Dec 2018
Offer closes
24 Dec 2018
Balloting
Done
Listed
8 Jan 2019

Oversubscription

20.2×

Public applications for 20.2 times the shares on offer.

First day of trading

+30%

Opened above the offer price, closed +1.7% on day one.

First-day forecast

CISCOM's forecast for Gagasan Nadi Cergas 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.