ListedACE Market· 0280

MYMBN IPO

Consumer Products & Services, Consumer Services. Offered at RM0.21 a share, listed on 25 Jul 2023.

Offer price

RM0.21

Shares offered

98.0m

RM21m at offer

Market cap at listing

RM81m

Offer period

30 Jun 2023 to 10 Jul 2023

Listing date

25 Jul 2023

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
30 Jun 2023
Offer closes
10 Jul 2023
Balloting
Done
Listed
25 Jul 2023

Oversubscription

30.8×

Public applications for 30.8 times the shares on offer, 7,712 applications.

First day of trading

+33.3%

Opened above the offer price, closed +28.6% on day one.

About MYMBN

MYMBN is a Melaka-based investment holding company whose subsidiaries process and sell Raw Unclean Edible Bird's Nest (RUCEBN), exporting predominantly to the People's Republic of China. 55% of FYE 2022 revenue.

First-day forecast

CISCOM's forecast for MYMBN 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.