ListedACE Market· 0265· Shariah-compliant

Infomina IPO

Technology Equipment. Offered at RM0.40 a share, listed on 25 Nov 2022.

Offer price

RM0.40

Shares offered

162.3m

RM65m at offer

Market cap at listing

RM241m

Offer period

1 Nov 2022 to 11 Nov 2022

Listing date

25 Nov 2022

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
1 Nov 2022
Offer closes
11 Nov 2022
Balloting
Done
Listed
25 Nov 2022

Oversubscription

21.4×

Public applications for 21.4 times the shares on offer, 11,263 applications.

First day of trading

+50%

Opened above the offer price, closed +33.8% on day one.

About Infomina

Infomina Berhad is a Malaysia-based technology solution provider specialising in the design, implementation, and maintenance of IT application and infrastructure solutions, with particular expertise in mainframe technology serving large enterprises, GLCs, and government bodies.

First-day forecast

CISCOM's forecast for Infomina 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.