Mestron Holdings IPO
Industrial Products & Services, Metals. Offered at RM0.16 a share, listed on 18 Jun 2019.
Timeline
- Offer opens23 May 2019
- Offer closes3 Jun 2019
- BallotingDone
- Listed18 Jun 2019
Public applications for 17.5 times the shares on offer.
Opened above the offer price, closed +3.1% on day one.
About Mestron Holdings
Investment holding company principally involved through its subsidiaries in: (i) manufacturing of steel poles comprising standard street light poles, decorative light poles and specialty poles; and (ii) trading of outdoor lighting products.
CISCOM's forecast for Mestron Holdings 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.