KJTS Group IPO
Industrial Products & Services, Industrial Services. Offered at RM0.27 a share, listed on 26 Jan 2024.
Timeline
- Offer opens5 Jan 2024
- Offer closes11 Jan 2024
- BallotingDone
- Listed26 Jan 2024
Public applications for 31.3 times the shares on offer, 9,632 applications.
Opened above the offer price, closed +85.2% on day one.
About KJTS Group
KJTS Group provides building support services across Malaysia, Singapore and Thailand, principally comprising cooling energy systems (engineering, procurement, construction and commissioning as well as long-term management services), cleaning services, and facilities management.
CISCOM's forecast for KJTS 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.