ListedACE Market· 0193· Shariah-compliant

Kejuruteraan Asastera IPO

Energy, Renewable Energy. Offered at RM0.25 a share, listed on 17 Nov 2017.

Offer price

RM0.25

Shares offered

992.0m

RM248m at offer

Market cap at listing

RM80m

Offer period

30 Oct 2017 to 7 Nov 2017

Listing date

17 Nov 2017

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
30 Oct 2017
Offer closes
7 Nov 2017
Balloting
Done
Listed
17 Nov 2017

Oversubscription

57.3×

Public applications for 57.3 times the shares on offer.

First day of trading

+32.0%

Opened above the offer price, closed +20.0% on day one.

About Kejuruteraan Asastera

Provision of electrical and mechanical engineering services including installation, testing and commissioning of electrical distribution systems, communications and IT networks, ELV systems, FTTH cabling, ventilation and air conditioning systems, lightning and earthing works, and maintenance services.

First-day forecast

CISCOM's forecast for Kejuruteraan Asastera 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.