ListedACE Market· 0253· Shariah-compliant

Infoline TEC Group IPO

Technology, Digital Services. Offered at RM0.32 a share, listed on 13 Jul 2022.

Offer price

RM0.32

Shares offered

96.3m

RM31m at offer

Market cap at listing

RM116m

Offer period

20 Jun 2022 to 28 Jun 2022

Listing date

13 Jul 2022

Principal adviser

MIDF Amanah Investment Bank Berhad

Timeline

Offer opens
20 Jun 2022
Offer closes
28 Jun 2022
Balloting
Done
Listed
13 Jul 2022

Oversubscription

60.9×

Public applications for 60.9 times the shares on offer.

First day of trading

+3.1%

Opened above the offer price, closed -4.7% on day one.

About Infoline TEC Group

Infoline Tec Group provides IT infrastructure solutions, cybersecurity solutions, managed IT services, and trading of ancillary hardware and software.

First-day forecast

CISCOM's forecast for Infoline TEC 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.