ListedACE Market· 0241· Shariah-compliant

Siab Holdings IPO

Construction. Offered at RM0.30 a share, listed on 28 Feb 2022.

Offer price

RM0.30

Shares offered

85.7m

RM26m at offer

Market cap at listing

RM147m

Offer period

28 Jan 2022 to 16 Feb 2022

Listing date

28 Feb 2022

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
28 Jan 2022
Offer closes
16 Feb 2022
Balloting
Done
Listed
28 Feb 2022

Oversubscription

50.2×

Public applications for 50.2 times the shares on offer.

First day of trading

+3.3%

Opened above the offer price, closed +3.3% on day one.

About Siab Holdings

Siab Holdings Berhad is a Malaysian building construction company that builds residential high-rises (apartments and condominiums) and non-residential buildings (offices, hospitals, shopping complexes, warehouses, and factories).

First-day forecast

CISCOM's forecast for Siab 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.