ListedMain Market· 5327· Shariah-compliant

Mega Fortris IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.67 a share, listed on 11 Nov 2024.

Offer price

RM0.67

Shares offered

295.7m

RM198m at offer

Market cap at listing

RM566m

Offer period

21 Oct 2024 to 28 Oct 2024

Listing date

11 Nov 2024

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
21 Oct 2024
Offer closes
28 Oct 2024
Balloting
Done
Listed
11 Nov 2024

Oversubscription

7.2×

Public applications for 7.2 times the shares on offer, 9,263 applications.

First day of trading

Opened at the offer price, closed -2.2% on day one.

About Mega Fortris

Mega Fortris is a Malaysia-based specialist in the design, manufacturing and sale of security seals, with operations spanning 12 countries across Asia Pacific, Europe, the Americas and the Middle East.

First-day forecast

CISCOM's forecast for Mega Fortris 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.