ListedACE Market· 0295· Shariah-compliant

Master TEC Group IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.39 a share, listed on 29 Jan 2024.

Offer price

RM0.39

Shares offered

285.6m

RM111m at offer

Market cap at listing

RM398m

Offer period

28 Dec 2023 to 18 Jan 2024

Listing date

29 Jan 2024

Principal adviser

SJ Securities Sdn Bhd

Timeline

Offer opens
28 Dec 2023
Offer closes
18 Jan 2024
Balloting
Done
Listed
29 Jan 2024

Oversubscription

7.1×

Public applications for 7.1 times the shares on offer, 7,276 applications.

First day of trading

Opened at the offer price, closed -7.7% on day one.

About Master TEC Group

Master Tec Group is an investment holding company whose sole subsidiary MTWC manufactures and distributes low-voltage (LV) power cables, control and instrumentation cables, and trades power and fibre optic cables.

First-day forecast

CISCOM's forecast for Master TEC 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.