ListedMain Market· 5328· Shariah-compliant

Life Water IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.65 a share, listed on 13 Nov 2024.

Offer price

RM0.65

Shares offered

126.0m

RM82m at offer

Market cap at listing

RM308m

Offer period

22 Oct 2024 to 30 Oct 2024

Listing date

13 Nov 2024

Principal adviser

MIDF Amanah Investment Bank Berhad

Timeline

Offer opens
22 Oct 2024
Offer closes
30 Oct 2024
Balloting
Done
Listed
13 Nov 2024

Oversubscription

32.2×

Public applications for 32.2 times the shares on offer, 16,072 applications.

First day of trading

+18.5%

Opened above the offer price, closed +44.6% on day one.

About Life Water

Life Water Berhad is a Sabah-based manufacturer of drinking water (brands: K2, Sasa, Sabah Water) and carbonated drinks (brands: 2more, TRITONiC), with 22 years of operations and an estimated 11% share of Malaysia's bottled water market.

First-day forecast

CISCOM's forecast for Life Water 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.