ListedACE Market· 0212· Shariah-compliant

SDS Group IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.23 a share, listed on 7 Oct 2019.

Offer price

RM0.23

Shares offered

104.3m

RM24m at offer

Market cap at listing

RM93m

Offer period

23 Aug 2019 to 23 Sept 2019

Listing date

7 Oct 2019

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
23 Aug 2019
Offer closes
23 Sept 2019
Balloting
Done
Listed
7 Oct 2019

Oversubscription

11.3×

Public applications for 11.3 times the shares on offer.

First day of trading

+13.0%

Opened above the offer price, closed +10.8% on day one.

About SDS Group

Principally involved in the manufacturing and distributing of bakery products as well as operating F&B outlets. Products are sold via wholesale and retail channels under brands 'SDS', 'Top Baker' and 'Daily's'.

First-day forecast

CISCOM's forecast for SDS 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.