ListedACE Market· 0300· Shariah-compliant

SBH Marine Holdings IPO

Consumer Products & Services, Agricultural Products. Offered at RM0.22 a share, listed on 8 Apr 2024.

Offer price

RM0.22

Shares offered

230.0m

RM51m at offer

Market cap at listing

RM195m

Offer period

18 Mar 2024 to 25 Mar 2024

Listing date

8 Apr 2024

Principal adviser

KAF Investment Bank Berhad

Timeline

Offer opens
18 Mar 2024
Offer closes
25 Mar 2024
Balloting
Done
Listed
8 Apr 2024

Oversubscription

27.7×

Public applications for 27.7 times the shares on offer, 10,071 applications.

First day of trading

+15.9%

Opened above the offer price, closed +15.9% on day one.

About SBH Marine Holdings

SBH Holdings is a frozen seafood processing group based in Kuala Kurau, Perak, operating across aquaculture shrimp farming (88 ponds at Kurau and Selinsing farms), processing and sale of frozen shrimps and cephalopods under its Titanium brand, merchant trading of frozen seafood sourced from Indonesia for export, and…

First-day forecast

CISCOM's forecast for SBH Marine Holdings 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.