ListedACE Market· 0321· Shariah-compliant

Solar District Cooling Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.38 a share, listed on 19 Sept 2024.

Offer price

RM0.38

Shares offered

118.7m

RM45m at offer

Market cap at listing

RM161m

Offer period

28 Aug 2024 to 6 Sept 2024

Listing date

19 Sept 2024

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
28 Aug 2024
Offer closes
6 Sept 2024
Balloting
Done
Listed
19 Sept 2024

Oversubscription

144.1×

Public applications for 144.1 times the shares on offer, 31,678 applications.

First day of trading

+31.6%

Opened above the offer price, closed +32.9% on day one.

About Solar District Cooling Group

Solar District Cooling Group (SDCG) installs and maintains Building Management Systems (BMS) that bring a building's air conditioning, lighting, elevators, and security under one automated control system, saving energy and making operations easier to manage.

First-day forecast

CISCOM's forecast for Solar District Cooling 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.