ListedACE Market· 0290· Shariah-compliant

Panda ECO System IPO

Technology, Software. Offered at RM0.16 a share, listed on 27 Nov 2023.

Offer price

RM0.16

Shares offered

171.1m

RM27m at offer

Market cap at listing

RM107m

Offer period

8 Nov 2023 to 15 Nov 2023

Listing date

27 Nov 2023

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
8 Nov 2023
Offer closes
15 Nov 2023
Balloting
Done
Listed
27 Nov 2023

Oversubscription

153.5×

Public applications for 153.5 times the shares on offer, 20,021 applications.

First day of trading

+81.3%

Opened above the offer price, closed +62.5% on day one.

About Panda ECO System

Panda Eco System develops, customises, implements, and integrates its proprietary Retail Management Eco-system — covering centralised HQ/store management, omni-channel engagement, and xBridge B2B document exchange — for grocery retailers, convenience stores, and general merchandise chains in Malaysia.

First-day forecast

CISCOM's forecast for Panda ECO System 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.