ListedACE Market· 0471· Shariah-compliant

Pioneer Heat Holdings IPO

Industrial Products & Services, Industrial Services. Offered at RM0.25 a share, listed on 17 Sept 2026.

Offer price

RM0.25

Shares offered

104.0m

RM26m at offer

Market cap at listing

RM76m

Offer period

12 Aug 2026 to 3 Sept 2026

Listing date

17 Sept 2026

Principal adviser

Malacca Securities Sdn Bhd

Timeline

Offer opens
12 Aug 2026
Offer closes
3 Sept 2026
Balloting
Done
Listed
17 Sept 2026

Oversubscription

47.8×

Public applications for 47.8 times the shares on offer.

First day of trading

+2%

Opened above the offer price, closed +20% on day one.

About Pioneer Heat Holdings

This company fixes and maintains pipes and equipment inside oil, gas, petrochemical and utility plants, doing jobs like heat treatment, checking welds for flaws, and looking after valves and pipe joints.

First-day forecast

CISCOM's forecast for Pioneer Heat 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.