ListedACE Market· 0245· Shariah-compliant

MN Holdings IPO

Construction. Offered at RM0.21 a share, listed on 28 Apr 2022.

Offer price

RM0.21

Shares offered

122.6m

RM26m at offer

Market cap at listing

RM86m

Offer period

8 Apr 2022 to 15 Apr 2022

Listing date

28 Apr 2022

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
8 Apr 2022
Offer closes
15 Apr 2022
Balloting
Done
Listed
28 Apr 2022

Oversubscription

118.5×

Public applications for 118.5 times the shares on offer.

First day of trading

+23.8%

Opened above the offer price, closed +11.9% on day one.

About MN Holdings

MN Holdings Berhad provides underground utilities engineering services and substation engineering services and solutions in Malaysia, primarily serving the power utilities sector.

First-day forecast

CISCOM's forecast for MN 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.