Pekat Group IPO
Energy, Renewable Energy. Offered at RM0.32 a share, listed on 23 Jun 2021.
Timeline
- Offer opens2 Jun 2021
- Offer closes10 Jun 2021
- BallotingDone
- Listed23 Jun 2021
Public applications for 76.0 times the shares on offer.
Opened above the offer price, closed +154.7% on day one.
About Pekat Group
Pekat Group operates in 3 distinct business areas: (i) Solar Division - design, supply and installation of on-grid and off-grid solar PV systems and power plants; (ii) ELP Division - supply and installation of earthing and lightning protection systems for buildings, facilities and structures; and (iii) Trading…
CISCOM's forecast for Pekat Group 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.