ListedACE Market· 0366· Shariah-compliant

Icents Group Holdings IPO

Industrial Products & Services, Industrial Services. Offered at RM0.24 a share, listed on 17 Jul 2025.

Offer price

RM0.24

Shares offered

142.5m

RM34m at offer

Market cap at listing

RM120m

Offer period

25 Jun 2025 to 2 Jul 2025

Listing date

17 Jul 2025

Principal adviser

Alliance Islamic Bank Berhad

Timeline

Offer opens
25 Jun 2025
Offer closes
2 Jul 2025
Balloting
Done
Listed
17 Jul 2025

Oversubscription

2.3×

Public applications for 2.3 times the shares on offer, 1,266 applications.

First day of trading

+20.8%

Opened above the offer price, closed +41.7% on day one.

About Icents Group Holdings

iCents Group provides engineering, procurement, construction, commissioning and validation (EPCC) services for cleanrooms across semiconductor, pharmaceutical, life sciences, data centre and other manufacturing end-markets, alongside in-house manufacturing of cleanroom interior fixtures such as sandwich panels.

First-day forecast

CISCOM's forecast for Icents Group 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.