ListedMain Market· 5305· Shariah-compliant

Senheng New Retail IPO

Consumer Products & Services, Retailers. Offered at RM1.07 a share, listed on 25 Jan 2022.

Offer price

RM1.07

Shares offered

389.5m

RM417m at offer

Market cap at listing

RM1.60bn

Offer period

29 Dec 2021 to 10 Jan 2022

Listing date

25 Jan 2022

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
29 Dec 2021
Offer closes
10 Jan 2022
Balloting
Done
Listed
25 Jan 2022

Oversubscription

10.4×

Public applications for 10.4 times the shares on offer.

First day of trading

-15.9%

Opened below the offer price, closed -20.1% on day one.

About Senheng New Retail

Retailer of consumer electrical and electronic products operating a chain of physical stores across Malaysia under store concepts 'Grand Senheng Elite', 'Grand Senheng', 'Senheng' and 'senQ', as well as online platforms.

First-day forecast

CISCOM's forecast for Senheng New Retail 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.