ListedACE Market· 0208· Shariah-compliant

Greatech Technology IPO

Technology Equipment. Offered at RM0.61 a share, listed on 13 Jun 2019.

Offer price

RM0.61

Shares offered

119.8m

RM73m at offer

Market cap at listing

RM382m

Offer period

13 May 2019 to 24 May 2019

Listing date

13 Jun 2019

Principal adviser

Alliance Investment Bank Berhad

Timeline

Offer opens
13 May 2019
Offer closes
24 May 2019
Balloting
Done
Listed
13 Jun 2019

Oversubscription

9.4×

Public applications for 9.4 times the shares on offer, 5,930 applications.

First day of trading

+4.1%

Opened above the offer price, closed +21.3% on day one.

About Greatech Technology

Manufacturer of automated equipment used to automate processes in production lines, ranging from single automated equipment to production line systems comprising multiple automated equipment.

First-day forecast

CISCOM's forecast for Greatech Technology 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.