ListedACE Market· 0312· Shariah-compliant

Ocean Fresh IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.28 a share, listed on 4 Jul 2024.

Offer price

RM0.28

Shares offered

50.0m

RM14m at offer

Market cap at listing

RM59m

Offer period

12 Jun 2024 to 20 Jun 2024

Listing date

4 Jul 2024

Principal adviser

KAF Investment Bank Berhad

Timeline

Offer opens
12 Jun 2024
Offer closes
20 Jun 2024
Balloting
Done
Listed
4 Jul 2024

Oversubscription

76.2×

Public applications for 76.2 times the shares on offer, 16,177 applications.

First day of trading

+203.6%

Opened above the offer price, closed +175% on day one.

About Ocean Fresh

Ocean Fresh Berhad is an investment holding company whose subsidiaries are principally engaged in the processing and trading of frozen seafood products (molluscs, fish, and others) as well as the provision of frozen seafood processing services.

First-day forecast

CISCOM's forecast for Ocean Fresh 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.