ListedMain Market· 5321· Shariah-compliant

Keyfield International IPO

Energy, Infrastructure, Equipment & Services. Offered at RM0.90 a share, listed on 22 Apr 2024.

Offer price
RM0.90
Shares offered
209.0m
RM188m at offer
Market cap at listing
RM720m
Offer period
26 Mar 2024 to 3 Apr 2024
Listing date
22 Apr 2024
Principal adviser
M & A Securities Sdn Bhd

Timeline

  1. Offer opens
    26 Mar 2024
  2. Offer closes
    3 Apr 2024
  3. Balloting
    Done
  4. Listed
    22 Apr 2024
Oversubscription
9.7×

Public applications for 9.7 times the shares on offer, 9,339 applications.

First day of trading
+88.9%

Opened above the offer price, closed +114.4% on day one.

About Keyfield International

Keyfield International is a Malaysian offshore accommodation vessel owner and operator, chartering its own and third-party accommodation vessels to PETRONAS, its production contractors (PACs), and oil & gas companies.

First-day forecast

CISCOM's forecast for Keyfield International 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.

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