ListedACE Market· 0219· Shariah-compliant

Reservoir Link Energy IPO

Energy, Infrastructure, Equipment & Services. Offered at RM0.41 a share, listed on 15 Jul 2020.

Offer price

RM0.41

Shares offered

88.1m

RM36m at offer

Market cap at listing

RM117m

Offer period

25 Jun 2020 to 1 Jul 2020

Listing date

15 Jul 2020

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
25 Jun 2020
Offer closes
1 Jul 2020
Balloting
Done
Listed
15 Jul 2020

Oversubscription

11.5×

Public applications for 11.5 times the shares on offer, 3,959 applications.

First day of trading

+58.5%

Opened above the offer price, closed +25.6% on day one.

About Reservoir Link Energy

Provider of oil and gas well services supporting operators in the upstream sector of the O&G industry.

First-day forecast

CISCOM's forecast for Reservoir Link Energy 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.