ListedMain Market· 5323· Shariah-compliant

Johor Plantations Group IPO

Plantation. Offered at RM0.84 a share, listed on 9 Jul 2024.

Offer price

RM0.84

Shares offered

875.0m

RM735m at offer

Market cap at listing

RM2.10bn

Offer period

12 Jun 2024 to 24 Jun 2024

Listing date

9 Jul 2024

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
12 Jun 2024
Offer closes
24 Jun 2024
Balloting
Done
Listed
9 Jul 2024

Oversubscription

2.2×

Public applications for 2.2 times the shares on offer, 9,555 applications.

First day of trading

Opened at the offer price, closed +7.1% on day one.

About Johor Plantations Group

Johor Plantations Group Berhad (JPG) is an upstream oil palm plantation company operating 23 estates predominantly in Johor, Malaysia, with a total landbank of 59,781 Ha and 55,904 Ha planted with oil palms.

First-day forecast

CISCOM's forecast for Johor Plantations 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.