ListedACE Market· 0260· Shariah-compliant

PT Resources Holdings IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.36 a share, listed on 27 Sept 2022.

Offer price

RM0.36

Shares offered

135.0m

RM49m at offer

Market cap at listing

RM193m

Offer period

30 Aug 2022 to 12 Sept 2022

Listing date

27 Sept 2022

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
30 Aug 2022
Offer closes
12 Sept 2022
Balloting
Done
Listed
27 Sept 2022

Oversubscription

24.5×

Public applications for 24.5 times the shares on offer, 7,947 applications.

First day of trading

+2.8%

Opened above the offer price, closed +2.8% on day one.

About PT Resources Holdings

PT Resources Holdings processes and trades frozen seafood products through its KIFPP Processing Facility in Kuantan, Pahang, supplying wholesalers, food manufacturers, retailers, and export markets.

First-day forecast

CISCOM's forecast for PT Resources 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.