ListedMain Market· 5308· Shariah-compliant

Seng Fong Holdings IPO

Industrial Products & Services, Industrial Services. Offered at RM0.75 a share, listed on 7 Jul 2022.

Offer price

RM0.75

Shares offered

160.9m

RM121m at offer

Market cap at listing

RM389m

Offer period

14 Jun 2022 to 24 Jun 2022

Listing date

7 Jul 2022

Principal adviser

Hong Leong Investment Bank Berhad

Timeline

Offer opens
14 Jun 2022
Offer closes
24 Jun 2022
Balloting
Done
Listed
7 Jul 2022

Oversubscription

3.1×

Public applications for 3.1 times the shares on offer, 3,968 applications.

First day of trading

Opened at the offer price, closed -10% on day one.

About Seng Fong Holdings

Seng Fong Holdings is a Malaysia-based natural rubber processor and trader, processing cup lump into SMR Grade and Premium Grade block rubber through factories in Gemas, Negeri Sembilan.

First-day forecast

CISCOM's forecast for Seng Fong 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.