ListedACE Market· 0210

KIM HIN JOO (Malaysia) IPO

Consumer Products & Services, Retailers. Offered at RM0.43 a share, listed on 8 Jul 2019.

Offer price

RM0.43

Shares offered

133.0m

RM57m at offer

Market cap at listing

RM163m

Offer period

19 Jun 2019 to 26 Jun 2019

Listing date

8 Jul 2019

Principal adviser

UOB Kay Hian Securities (M) Sdn Bhd

Timeline

Offer opens
19 Jun 2019
Offer closes
26 Jun 2019
Balloting
Done
Listed
8 Jul 2019

Oversubscription

7.7×

Public applications for 7.7 times the shares on offer.

First day of trading

-9.3%

Opened below the offer price, closed -18.6% on day one.

About KIM HIN JOO (Malaysia)

Retail and distribution of baby, children and maternity products in Malaysia, operating Mothercare outlets and ELC store-in-store (SIS) concepts, as well as an online store and distribution business supplying to retailers and distributors throughout Malaysia.

First-day forecast

CISCOM's forecast for KIM HIN JOO (Malaysia) 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.