ListedACE Market· 0228· Shariah-compliant

HPP Holdings IPO

Industrial Products & Services, Packaging Materials. Offered at RM0.36 a share, listed on 20 Jan 2021.

Offer price

RM0.36

Shares offered

108.7m

RM39m at offer

Market cap at listing

RM140m

Offer period

15 Dec 2020 to 7 Jan 2021

Listing date

20 Jan 2021

Principal adviser

Affin Hwang Investment Bank Berhad

Timeline

Offer opens
15 Dec 2020
Offer closes
7 Jan 2021
Balloting
Done
Listed
20 Jan 2021

Oversubscription

33.4×

Public applications for 33.4 times the shares on offer.

First day of trading

+58.3%

Opened above the offer price, closed +97.2% on day one.

About HPP Holdings

Investment holding company principally involved through its subsidiaries in the printing, production, sales and marketing of paper-based packaging (both Corrugated and Non-corrugated), and trading and production of rigid boxes.

First-day forecast

CISCOM's forecast for HPP 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.