ListedACE Market· 0285

Mercury Securities Group IPO

Financial Services, Other Financials. Offered at RM0.25 a share, listed on 19 Sept 2023.

Offer price

RM0.25

Shares offered

228.6m

RM57m at offer

Market cap at listing

RM223m

Offer period

28 Aug 2023 to 5 Sept 2023

Listing date

19 Sept 2023

Principal adviser

Public Investment Bank Berhad (PIVB)

Timeline

Offer opens
28 Aug 2023
Offer closes
5 Sept 2023
Balloting
Done
Listed
19 Sept 2023

Oversubscription

45.5×

Public applications for 45.5 times the shares on offer.

First day of trading

+8%

Opened above the offer price, closed +20% on day one.

About Mercury Securities Group

Mercury Securities Group Berhad is an investment holding company engaged in stockbroking, corporate finance advisory, and nominee/custodian services through subsidiaries.

First-day forecast

CISCOM's forecast for Mercury Securities 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.