ListedACE Market· 0359· Shariah-compliant

Hartanah Kenyalang IPO

Construction. Offered at RM0.16 a share, listed on 9 Jun 2025.

Offer price

RM0.16

Shares offered

198.4m

RM32m at offer

Market cap at listing

RM99m

Offer period

30 Apr 2025 to 27 May 2025

Listing date

9 Jun 2025

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
30 Apr 2025
Offer closes
27 May 2025
Balloting
Done
Listed
9 Jun 2025

Oversubscription

5.3×

Public applications for 5.3 times the shares on offer, 5,119 applications.

First day of trading

Opened at the offer price, closed -9.4% on day one.

About Hartanah Kenyalang

Hartanah Kenyalang is a Sarawak-based building and infrastructure construction group operating through its subsidiary Hartanah Construction, with 11 years of operating history since 2010.

First-day forecast

CISCOM's forecast for Hartanah Kenyalang 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.