ListedACE Market· 0242

Pappajack IPO

Financial Services, Other Financials. Offered at RM0.30 a share, listed on 1 Apr 2022.

Offer price

RM0.30

Shares offered

167.0m

RM50m at offer

Market cap at listing

RM200m

Offer period

11 Mar 2022 to 18 Mar 2022

Listing date

1 Apr 2022

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
11 Mar 2022
Offer closes
18 Mar 2022
Balloting
Done
Listed
1 Apr 2022

Oversubscription

21.7×

Public applications for 21.7 times the shares on offer.

First day of trading

+30%

Opened above the offer price, closed +31.7% on day one.

About Pappajack

Pappajack Berhad operates 25 licensed pawnbroking outlets across Malaysia (Selangor, Pulau Pinang, Kuala Lumpur, Johor, Perak, Negeri Sembilan), providing pledge-backed short-term micro-loans to financially underserved individuals.

First-day forecast

CISCOM's forecast for Pappajack 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.