ListedMain Market· 5309· Shariah-compliant

Itmax System IPO

Technology, Digital Services. Offered at RM1.07 a share, listed on 13 Dec 2022.

Offer price

RM1.07

Shares offered

320.0m

RM342m at offer

Market cap at listing

RM1.10bn

Offer period

25 Nov 2022 to 1 Dec 2022

Listing date

13 Dec 2022

Principal adviser

Maybank Investment Bank Berhad

Timeline

Offer opens
25 Nov 2022
Offer closes
1 Dec 2022
Balloting
Done
Listed
13 Dec 2022

Oversubscription

18.2×

Public applications for 18.2 times the shares on offer, 11,354 applications.

First day of trading

+42.1%

Opened above the offer price, closed +29.0% on day one.

About Itmax System

ITMAX System builds and runs smart-city infrastructure for public spaces, mainly traffic management systems, street lighting networks, and video surveillance systems.

First-day forecast

CISCOM's forecast for Itmax System 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.