ListedMain Market· 5335· Shariah-compliant

HI Mobility IPO

Consumer Products & Services, Travel, Leisure & Hospitality. Offered at RM1.22 a share, listed on 28 Mar 2025.

Offer price

RM1.22

Shares offered

130.0m

RM159m at offer

Market cap at listing

RM610m

Offer period

7 Mar 2025 to 19 Mar 2025

Listing date

28 Mar 2025

Principal adviser

Maybank Investment Bank Berhad

Timeline

Offer opens
7 Mar 2025
Offer closes
19 Mar 2025
Balloting
Done
Listed
28 Mar 2025

Oversubscription

6.6×

Public applications for 6.6 times the shares on offer, 4,010 applications.

First day of trading

+4.1%

Opened above the offer price, closed +9.0% on day one.

About HI Mobility

HI Mobility Berhad is a Malaysian investment holding company whose sole subsidiary, Handal Indah, provides scheduled and chartered bus transportation services across Peninsular Malaysia and Singapore.

First-day forecast

CISCOM's forecast for HI Mobility 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.