ListedACE Market· 0288· Shariah-compliant

Minox International Group IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.25 a share, listed on 17 Oct 2023.

Offer price

RM0.25

Shares offered

106.4m

RM27m at offer

Market cap at listing

RM90m

Offer period

20 Sept 2023 to 3 Oct 2023

Listing date

17 Oct 2023

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
20 Sept 2023
Offer closes
3 Oct 2023
Balloting
Done
Listed
17 Oct 2023

Oversubscription

143.8×

Public applications for 143.8 times the shares on offer, 15,818 applications.

First day of trading

+26%

Opened above the offer price, closed +48% on day one.

About Minox International Group

Minox International Group is principally engaged in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, and rubber hoses under its proprietary 'MINOX®' brand, with 25 years of operating history.

First-day forecast

CISCOM's forecast for Minox International 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.