ListedMain Market· 5310· Shariah-compliant

Kumpulan Kitacon IPO

Construction. Offered at RM0.68 a share, listed on 17 Jan 2023.

Offer price

RM0.68

Shares offered

138.6m

RM94m at offer

Market cap at listing

RM340m

Offer period

28 Dec 2022 to 9 Jan 2023

Listing date

17 Jan 2023

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
28 Dec 2022
Offer closes
9 Jan 2023
Balloting
Done
Listed
17 Jan 2023

Oversubscription

11.5×

Public applications for 11.5 times the shares on offer, 6,876 applications.

First day of trading

+45.6%

Opened above the offer price, closed +10.3% on day one.

About Kumpulan Kitacon

Kitacon Berhad is an investment holding company whose wholly-owned subsidiary KSB has operated in Malaysia's building construction industry since 1990.

First-day forecast

CISCOM's forecast for Kumpulan Kitacon 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.