ListedACE Market· 0361· Shariah-compliant

PAN Merchant IPO

Industrial Products & Services, Industrial Engineering. Offered at RM0.27 a share, listed on 26 Jun 2025.

Offer price

RM0.27

Shares offered

250.2m

RM68m at offer

Market cap at listing

RM247m

Offer period

6 Jun 2025 to 17 Jun 2025

Listing date

26 Jun 2025

Principal adviser

Affin Hwang Investment Bank Berhad

Timeline

Offer opens
6 Jun 2025
Offer closes
17 Jun 2025
Balloting
Done
Listed
26 Jun 2025

Oversubscription

0.4×

Public applications for 0.4 times the shares on offer, 1,107 applications.

First day of trading

-13.0%

Opened below the offer price, closed -14.8% on day one.

About PAN Merchant

Pan Merchant designs, manufactures, assembles, delivers and commissions solid-liquid filtration equipment (filter presses and hermetic filters) and provides steel fabrication and technical support services.

First-day forecast

CISCOM's forecast for PAN Merchant 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.