ListedACE Market· 0289· Shariah-compliant

Plytec Holding IPO

Industrial Products & Services, Industrial Services. Offered at RM0.35 a share, listed on 15 Nov 2023.

Offer price

RM0.35

Shares offered

157.6m

RM55m at offer

Market cap at listing

RM212m

Offer period

24 Oct 2023 to 31 Oct 2023

Listing date

15 Nov 2023

Principal adviser

KAF Investment Bank Berhad

Timeline

Offer opens
24 Oct 2023
Offer closes
31 Oct 2023
Balloting
Done
Listed
15 Nov 2023

Oversubscription

6.7×

Public applications for 6.7 times the shares on offer, 3,451 applications.

First day of trading

+2.9%

Opened above the offer price, closed -7.1% on day one.

About Plytec Holding

PLYTEC provides construction engineering solutions and services in Malaysia, operating through three segments: CME Solutions (temporary works equipment sales and rental), DDE Solutions (BIM and digital design engineering), and PC Solutions (precast construction design).

First-day forecast

CISCOM's forecast for Plytec Holding 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.