ListedACE Market· 0201· Shariah-compliant

Nova Wellness Group IPO

Health Care, Pharmaceuticals. Offered at RM0.55 a share, listed on 20 Jul 2018.

Offer price

RM0.55

Shares offered

81.7m

RM45m at offer

Market cap at listing

RM175m

Offer period

28 Jun 2018 to 9 Jul 2018

Listing date

20 Jul 2018

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
28 Jun 2018
Offer closes
9 Jul 2018
Balloting
Done
Listed
20 Jul 2018

Oversubscription

2.8×

Public applications for 2.8 times the shares on offer, 2,200 applications.

First day of trading

+18.2%

Opened above the offer price, closed +38.2% on day one.

About Nova Wellness Group

Nova Wellness Group makes and sells health supplements, functional food and skincare products under its own brand names (Nova, ActivMax, Sustinex, Novavis, SP8), and also manufactures products for other companies under their own labels (OEM).

First-day forecast

CISCOM's forecast for Nova Wellness 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.