ListedACE Market· 0198· Shariah-compliant

GDB Holdings IPO

Construction. Offered at RM0.35 a share, listed on 27 Mar 2018.

Offer price

RM0.35

Shares offered

162.5m

RM57m at offer

Market cap at listing

RM219m

Offer period

5 Mar 2018 to 12 Mar 2018

Listing date

27 Mar 2018

Principal adviser

Alliance Investment Bank Berhad (AIBB)

Timeline

Offer opens
5 Mar 2018
Offer closes
12 Mar 2018
Balloting
Done
Listed
27 Mar 2018

Oversubscription

43.0×

Public applications for 43.0 times the shares on offer, 8,551 applications.

First day of trading

+2.9%

Opened above the offer price, closed -7.1% on day one.

About GDB Holdings

Provision of construction services focusing on high rise residential, commercial and mixed development projects as main contractor and principal works contractor, via wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd.

First-day forecast

CISCOM's forecast for GDB 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.