ListedACE Market· 0306· Shariah-compliant

Smart Asia Chemical IPO

Industrial Products & Services, Building Materials. Offered at RM0.40 a share, listed on 28 May 2024.

Offer price

RM0.40

Shares offered

93.5m

RM37m at offer

Market cap at listing

RM148m

Offer period

2 May 2024 to 13 May 2024

Listing date

28 May 2024

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
2 May 2024
Offer closes
13 May 2024
Balloting
Done
Listed
28 May 2024

Oversubscription

33.4×

Public applications for 33.4 times the shares on offer, 13,441 applications.

First day of trading

+25%

Opened above the offer price, closed +15% on day one.

About Smart Asia Chemical

Smart Asia Chemical makes and sells paint products under its own brands, including Smart Paints and Durra Paints, covering wall paint for homes, industrial protective coatings, colourants, and aerosol sprays.

First-day forecast

CISCOM's forecast for Smart Asia Chemical 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.