ListedACE Market· 0223· Shariah-compliant

Samaiden Group IPO

Energy, Renewable Energy. Offered at RM0.48 a share, listed on 15 Oct 2020.

Offer price

RM0.48

Shares offered

61.2m

RM29m at offer

Market cap at listing

RM101m

Offer period

28 Sept 2020 to 5 Oct 2020

Listing date

15 Oct 2020

Principal adviser

Alliance Investment Bank Berhad

Timeline

Offer opens
28 Sept 2020
Offer closes
5 Oct 2020
Balloting
Done
Listed
15 Oct 2020

Oversubscription

56.5×

Public applications for 56.5 times the shares on offer.

First day of trading

+108.3%

Opened above the offer price, closed +67.7% on day one.

About Samaiden Group

Principally involved in engineering, procurement, construction and commissioning (EPCC) of solar PV systems and power plants.

First-day forecast

CISCOM's forecast for Samaiden 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.