Salutica Berhad (Fomerly known as Blue Ocean Genius Sdn Bhd) IPO
Consumer Products & Services, Personal Goods. Offered at RM0.80 a share, listed on 18 May 2016.
Timeline
- Offer opens28 Apr 2016
- Offer closes6 May 2016
- BallotingDone
- Listed18 May 2016
Public applications for 10.0 times the shares on offer.
Opened above the offer price, closed +3.1% on day one.
About Salutica Berhad (Fomerly known as Blue Ocean Genius Sdn Bhd)
Design, development and manufacture of consumer electronic products such as Bluetooth related devices (Bluetooth stereo headsets, smartwatches, car kits) as well as other electronic products and precision parts and components for external brands.
CISCOM's forecast for Salutica Berhad (Fomerly known as Blue Ocean Genius Sdn Bhd) 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.