ListedACE Market· 0450· Shariah-compliant

Manforce Group IPO

Consumer Products & Services, Consumer Services. Offered at RM0.38 a share, listed on 6 May 2026.

Offer price

RM0.38

Shares offered

100.0m

RM38m at offer

Market cap at listing

RM152m

Offer period

15 Apr 2026 to 21 Apr 2026

Listing date

6 May 2026

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
15 Apr 2026
Offer closes
21 Apr 2026
Balloting
Done
Listed
6 May 2026

Oversubscription

2.1×

Public applications for 2.1 times the shares on offer, 2,932 applications.

First day of trading

-1.3%

Opened below the offer price, closed -1.3% on day one.

About Manforce Group

Manforce Group Berhad helps Malaysian companies hire and manage foreign workers, handling everything from work-permit paperwork and government compliance to payroll and accommodation.

First-day forecast

CISCOM's forecast for Manforce 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.