ListedACE Market· 0296· Shariah-compliant

HE Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.28 a share, listed on 30 Jan 2024.

Offer price

RM0.28

Shares offered

130.9m

RM37m at offer

Market cap at listing

RM123m

Offer period

12 Jan 2024 to 18 Jan 2024

Listing date

30 Jan 2024

Principal adviser

Alliance Islamic Bank Berhad

Timeline

Offer opens
12 Jan 2024
Offer closes
18 Jan 2024
Balloting
Done
Listed
30 Jan 2024

Oversubscription

63.4×

Public applications for 63.4 times the shares on offer, 12,201 applications.

First day of trading

+53.6%

Opened above the offer price, closed +16.1% on day one.

About HE Group

HE Group is an investment holding company whose operating subsidiary, Hexatech Engineering, is an electrical engineering service provider with 16 years of track record specialising in the design, supply, installation, testing and commissioning of HV, MV, LV and ELV power distribution systems for industrial plants…

First-day forecast

CISCOM's forecast for HE 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.