ListedACE Market· 0270· Shariah-compliant

Nationgate Holdings IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.38 a share, listed on 12 Jan 2023.

Offer price

RM0.38

Shares offered

725.9m

RM276m at offer

Market cap at listing

RM788m

Offer period

12 Dec 2022 to 30 Dec 2022

Listing date

12 Jan 2023

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
12 Dec 2022
Offer closes
30 Dec 2022
Balloting
Done
Listed
12 Jan 2023

Oversubscription

16.5×

Public applications for 16.5 times the shares on offer, 20,444 applications.

First day of trading

+113.2%

Opened above the offer price, closed +163.2% on day one.

About Nationgate Holdings

NationGate Holdings Berhad is a Malaysia-based Electronic Manufacturing Services (EMS) provider specialising in assembly and testing of electronic components and products to produce completed PCBs, semi-finished sub-assemblies, fully-assembled electronic products, and semiconductor devices.

First-day forecast

CISCOM's forecast for Nationgate 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.