ListedACE Market· 0390· Shariah-compliant

ISF Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.33 a share, listed on 28 Jan 2026.

Offer price

RM0.33

Shares offered

275.3m

RM91m at offer

Market cap at listing

RM330m

Offer period

8 Jan 2026 to 14 Jan 2026

Listing date

28 Jan 2026

Principal adviser

Alliance Islamic Bank Berhad

Timeline

Offer opens
8 Jan 2026
Offer closes
14 Jan 2026
Balloting
Done
Listed
28 Jan 2026

Oversubscription

31.1×

Public applications for 31.1 times the shares on offer, 11,446 applications.

First day of trading

+51.5%

Opened above the offer price, closed +45.5% on day one.

About ISF Group

ISF Group Berhad is an investment holding company that, through its wholly-owned subsidiary YPSB, specialises in the supply and installation of piping systems for end-user premises (industrial, data centres, residential, commercial) and water supply and sewer infrastructure piping across Peninsular Malaysia.

First-day forecast

CISCOM's forecast for ISF 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.