ListedACE Market· 0327· Shariah-compliant

OB Holdings IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.24 a share, listed on 29 Oct 2024.

Offer price

RM0.24

Shares offered

120.0m

RM29m at offer

Market cap at listing

RM94m

Offer period

27 Sept 2024 to 15 Oct 2024

Listing date

29 Oct 2024

Principal adviser

Alliance Islamic Bank Berhad (AIS)

Timeline

Offer opens
27 Sept 2024
Offer closes
15 Oct 2024
Balloting
Done
Listed
29 Oct 2024

Oversubscription

109.5×

Public applications for 109.5 times the shares on offer, 22,753 applications.

First day of trading

+4.2%

Opened above the offer price, closed +4.2% on day one.

About OB Holdings

OB Holdings makes fortified food and drinks and dietary supplements, doing two things at once: manufacturing products on behalf of other companies' brands (contract manufacturing), and selling under its own labels such as Bonlife, GoHerb and Zen Night.

First-day forecast

CISCOM's forecast for OB 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.