ListedACE Market· 0222· Shariah-compliant

Optimax Holdings IPO

Health Care Providers. Offered at RM0.30 a share, listed on 18 Aug 2020.

Offer price

RM0.30

Shares offered

70.0m

RM21m at offer

Market cap at listing

RM81m

Offer period

15 Jul 2020 to 4 Aug 2020

Listing date

18 Aug 2020

Principal adviser

Affin Hwang Investment Bank Berhad

Timeline

Offer opens
15 Jul 2020
Offer closes
4 Aug 2020
Balloting
Done
Listed
18 Aug 2020

Oversubscription

82.1×

Public applications for 82.1 times the shares on offer, 16,258 applications.

First day of trading

+136.7%

Opened above the offer price, closed +128.3% on day one.

About Optimax Holdings

Provider of eye specialist services through a network of 13 specialist centres in Malaysia (1 specialist hospital, 11 ambulatory care centres, 1 specialist clinic), offering treatments for refractive error, cataracts, glaucoma, macular degeneration, diabetic retinopathy and other eye diseases and disorders.

First-day forecast

CISCOM's forecast for Optimax 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.