ListedACE Market· 0340

Northern Solar Holdings IPO

Energy, Renewable Energy. Offered at RM0.63 a share, listed on 6 Feb 2025.

Offer price

RM0.63

Shares offered

102.9m

RM65m at offer

Market cap at listing

RM249m

Offer period

18 Dec 2024 to 20 Jan 2025

Listing date

6 Feb 2025

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
18 Dec 2024
Offer closes
20 Jan 2025
Balloting
Done
Listed
6 Feb 2025

Oversubscription

73.2×

Public applications for 73.2 times the shares on offer, 25,772 applications.

First day of trading

+42.9%

Opened above the offer price, closed +25.4% on day one.

About Northern Solar Holdings

Northern Solar Holdings is an investment holding company whose principal subsidiary provides EPCC (Engineering, Procurement, Construction and Commissioning) services for solar PV systems, O&M of solar PV equipment and systems, and renewable energy generation across residential, commercial and industrial segments in…

First-day forecast

CISCOM's forecast for Northern Solar 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.