ListedACE Market· 0236· Shariah-compliant

Ramssol Group IPO

Technology, Software. Offered at RM0.45 a share, listed on 13 Jul 2021.

Offer price
RM0.45
Shares offered
78.1m
RM35m at offer
Market cap at listing
RM100m
Offer period
22 Jun 2021 to 29 Jun 2021
Listing date
13 Jul 2021
Principal adviser
Kenanga Investment Bank Berhad

Timeline

  1. Offer opens
    22 Jun 2021
  2. Offer closes
    29 Jun 2021
  3. Balloting
    Done
  4. Listed
    13 Jul 2021
Oversubscription
102.9×

Public applications for 102.9 times the shares on offer.

First day of trading
+55.6%

Opened above the offer price, closed +13.3% on day one.

About Ramssol Group

Ramssol Group is a Southeast Asia-focused HCM (Human Capital Management) and technology solutions provider that implements third-party HR software for large enterprises and educational institutions, supplies IT professionals via staff augmentation, and offers HCM technology applications including its own employee…

First-day forecast

CISCOM's forecast for Ramssol 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.

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