ListedACE Market· 0346

Saliran Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.27 a share, listed on 13 Mar 2025.

Offer price

RM0.27

Shares offered

118.7m

RM32m at offer

Market cap at listing

RM103m

Offer period

19 Feb 2025 to 28 Feb 2025

Listing date

13 Mar 2025

Principal adviser

Malacca Securities Sdn Bhd

Timeline

Offer opens
19 Feb 2025
Offer closes
28 Feb 2025
Balloting
Done
Listed
13 Mar 2025

Oversubscription

76.0×

Public applications for 76.0 times the shares on offer, 12,926 applications.

First day of trading

+1.9%

Opened above the offer price, closed -22.2% on day one.

About Saliran Group

Saliran Group supplies and distributes industrial pipes, fittings, and flanges (the metal connectors that join pipelines together) as well as steel products, mainly to oil and gas companies in Malaysia and Indonesia.

First-day forecast

CISCOM's forecast for Saliran 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.