Powerwell Holdings IPO
Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.25 a share, listed on 22 Jan 2020.
Timeline
- Offer opens2 Jan 2020
- Offer closes10 Jan 2020
- BallotingDone
- Listed22 Jan 2020
Public applications for 24.3 times the shares on offer.
Opened above the offer price, closed +14% on day one.
About Powerwell Holdings
Investment holding company whose subsidiaries are principally involved in the design, manufacturing and trading of electricity distribution products comprising LV switchboards, MV switchgears and related products, serving domestic and overseas markets including Malaysia, Vietnam, Bangladesh, Indonesia, Philippines…
CISCOM's forecast for Powerwell 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.