ListedACE Market· 0237· Shariah-compliant

Haily Group IPO

Construction. Offered at RM0.68 a share, listed on 21 Jul 2021.

Offer price

RM0.68

Shares offered

48.0m

RM33m at offer

Market cap at listing

RM121m

Offer period

30 Jun 2021 to 7 Jul 2021

Listing date

21 Jul 2021

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
30 Jun 2021
Offer closes
7 Jul 2021
Balloting
Done
Listed
21 Jul 2021

Oversubscription

38.8×

Public applications for 38.8 times the shares on offer.

First day of trading

+16.2%

Opened above the offer price, closed +8.8% on day one.

About Haily Group

Main contractor involved in the construction of residential and non-residential buildings in the Southern Region of Peninsular Malaysia, particularly Johor.

First-day forecast

CISCOM's forecast for Haily Group 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.