ListedACE Market· 0213· Shariah-compliant

Mtag Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.53 a share, listed on 25 Sept 2019.

Offer price

RM0.53

Shares offered

204.5m

RM108m at offer

Market cap at listing

RM361m

Offer period

19 Aug 2019 to 6 Sept 2019

Listing date

25 Sept 2019

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
19 Aug 2019
Offer closes
6 Sept 2019
Balloting
Done
Listed
25 Sept 2019

Oversubscription

3.8×

Public applications for 3.8 times the shares on offer.

First day of trading

+32.1%

Opened above the offer price, closed -17.0% on day one.

About Mtag Group

MTAG Group Berhad is an investment holding company with three wholly-owned subsidiaries: Toyo Sho Industrial Products Sdn Bhd (printing of labels and stickers and customised converting services), Intag Industrial Supplies Sdn Bhd (distribution of industrial tapes, adhesives and other products), and Intag Steel…

First-day forecast

CISCOM's forecast for Mtag 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.