ListedACE Market· 0292· Shariah-compliant

Jati Tinggi Group IPO

Construction. Offered at RM0.27 a share, listed on 20 Dec 2023.

Offer price

RM0.27

Shares offered

101.8m

RM27m at offer

Market cap at listing

RM106m

Offer period

30 Nov 2023 to 6 Dec 2023

Listing date

20 Dec 2023

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
30 Nov 2023
Offer closes
6 Dec 2023
Balloting
Done
Listed
20 Dec 2023

Oversubscription

16.1×

Public applications for 16.1 times the shares on offer, 5,195 applications.

First day of trading

+13.0%

Opened above the offer price, closed +14.8% on day one.

About Jati Tinggi Group

Jati Tinggi Group Berhad is an infrastructure utilities engineering solutions provider operating through its wholly-owned subsidiary JTHSB.

First-day forecast

CISCOM's forecast for Jati Tinggi 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.