ListedACE Market· 0196· Shariah-compliant

QES Group IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.19 a share, listed on 8 Mar 2018.

Offer price

RM0.19

Shares offered

227.5m

RM43m at offer

Market cap at listing

RM144m

Offer period

8 Feb 2018 to 23 Feb 2018

Listing date

8 Mar 2018

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
8 Feb 2018
Offer closes
23 Feb 2018
Balloting
Done
Listed
8 Mar 2018

Oversubscription

19.2×

Public applications for 19.2 times the shares on offer.

First day of trading

+28.9%

Opened above the offer price, closed +15.8% on day one.

About QES Group

Distribution of inspection, test and measurement equipment, materials and engineering solutions to the electrical & electronics, automotive and semiconductor industries.

First-day forecast

CISCOM's forecast for QES 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.