ListedACE Market· 0325· Shariah-compliant

Northeast Group IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.50 a share, listed on 15 Oct 2024.

Offer price

RM0.50

Shares offered

220.8m

RM110m at offer

Market cap at listing

RM370m

Offer period

26 Sept 2024 to 3 Oct 2024

Listing date

15 Oct 2024

Principal adviser

Affin Hwang Investment Bank Berhad

Timeline

Offer opens
26 Sept 2024
Offer closes
3 Oct 2024
Balloting
Done
Listed
15 Oct 2024

Oversubscription

73.4×

Public applications for 73.4 times the shares on offer, 29,702 applications.

First day of trading

+6%

Opened above the offer price, closed +1% on day one.

About Northeast Group

Northeast Group manufactures precision engineering components — principally CNC-machined parts — used in the photonics, E&E, semiconductor, telecommunication and optoelectronics industries.

First-day forecast

CISCOM's forecast for Northeast 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.