ListedACE Market

I-Stone Group IPO

Industrial Products & Services, Industrial Engineering. Offered at RM0.16 a share, listed on 17 Jul 2019.

Offer price

RM0.16

Shares offered

366.4m

RM59m at offer

Market cap at listing

RM195m

Offer period

21 Jun 2019 to 8 Jul 2019

Listing date

17 Jul 2019

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
21 Jun 2019
Offer closes
8 Jul 2019
Balloting
Done
Listed
17 Jul 2019

Oversubscription

11.6×

Public applications for 11.6 times the shares on offer.

About I-Stone Group

Principally involved in the manufacturing automation business segment, with a focus on specialised automation machines.

First-day forecast

CISCOM's forecast for I-Stone 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.

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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.