ListedACE Market· 0266· Shariah-compliant

Leform IPO

Industrial Products & Services, Metals. Offered at RM0.23 a share, listed on 30 Nov 2022.

Offer price

RM0.23

Shares offered

385.1m

RM89m at offer

Market cap at listing

TBA

Offer period

26 Oct 2022 to 11 Nov 2022

Listing date

30 Nov 2022

Principal adviser

See prospectus

Timeline

Offer opens
26 Oct 2022
Offer closes
11 Nov 2022
Balloting
Done
Listed
30 Nov 2022

Oversubscription

1.4×

Public applications for 1.4 times the shares on offer.

First day of trading

-15.2%

Opened below the offer price, closed -19.6% on day one.

First-day forecast

CISCOM's forecast for Leform 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.