ListedACE Market· 0282· Shariah-compliant

KGW Group IPO

Transportation & Logistics Services. Offered at RM0.21 a share, listed on 1 Aug 2023.

Offer price

RM0.21

Shares offered

123.1m

RM26m at offer

Market cap at listing

RM101m

Offer period

30 Jun 2023 to 18 Jul 2023

Listing date

1 Aug 2023

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
30 Jun 2023
Offer closes
18 Jul 2023
Balloting
Done
Listed
1 Aug 2023

Oversubscription

50.5×

Public applications for 50.5 times the shares on offer, 11,329 applications.

First day of trading

+9.5%

Opened above the offer price, closed +9.5% on day one.

About KGW Group

KGW Group is a Malaysia-based logistics services provider specialising in ocean freight (primarily Malaysia–USA routes), air freight, and freight forwarding, with an 18-year track record since 2005 and NVOCC registration with the US Federal Maritime Commission.

First-day forecast

CISCOM's forecast for KGW 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.