HPMT Holdings IPO
Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.56 a share, listed on 12 Jun 2019.
Timeline
- Offer opens17 May 2019
- Offer closes29 May 2019
- BallotingDone
- Listed12 Jun 2019
Public applications for 7.0 times the shares on offer.
Opened above the offer price, closed -10.7% on day one.
About HPMT Holdings
HPMT Holdings Berhad manufactures and distributes tungsten carbide cutting tools under the HPMT brand and private labels, trades third-party international cutting tool brands and metalworking accessories, and provides PVD coating services through subsidiary Pentagon.
CISCOM's forecast for HPMT Holdings 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.