Richtech Digital IPO
Consumer Products & Services, Consumer Services. Offered at RM0.25 a share, listed on 17 Feb 2025.
Timeline
- Offer opens21 Jan 2025
- Offer closes31 Jan 2025
- BallotingDone
- Listed17 Feb 2025
Public applications for 245.4 times the shares on offer, 24,237 applications.
Opened above the offer price, closed +28% on day one.
About Richtech Digital
RichTech Digital Berhad is an investment holding company whose wholly-owned subsidiary operates the SRS platform, distributing electronic reloads (mobile airtime, data, prepaid TV, games credits, eWallet) and facilitating bill payments for utilities, internet, and other services across Malaysia.
CISCOM's forecast for Richtech Digital 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.