ListedACE Market· 0185· Shariah-compliant

HSS Engineers IPO

Industrial Products & Services, Industrial Engineering. Offered at RM0.50 a share, listed on 10 Aug 2016.

Offer price

RM0.50

Shares offered

95.7m

RM48m at offer

Market cap at listing

RM160m

Offer period

29 Jun 2016 to 22 Jul 2016

Listing date

10 Aug 2016

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
29 Jun 2016
Offer closes
22 Jul 2016
Balloting
Done
Listed
10 Aug 2016

Oversubscription

21.7×

Public applications for 21.7 times the shares on offer.

First day of trading

+12.5%

Opened above the offer price, closed +12.5% on day one.

About HSS Engineers

Investment holding company principally involved in the provision of engineering and project management services (through the Collaboration) including engineering design, project management, construction supervision and BIM services, operating through subsidiaries HSSE, HBS and BGV, and associated companies HSSI and…

First-day forecast

CISCOM's forecast for HSS Engineers 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.