ListedACE Market· 0215· Shariah-compliant

Solarvest Holdings IPO

Energy, Renewable Energy. Offered at RM0.35 a share, listed on 26 Nov 2019.

Offer price

RM0.35

Shares offered

98.8m

RM35m at offer

Market cap at listing

RM137m

Offer period

30 Sept 2019 to 11 Nov 2019

Listing date

26 Nov 2019

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
30 Sept 2019
Offer closes
11 Nov 2019
Balloting
Done
Listed
26 Nov 2019

Oversubscription

35.3×

Public applications for 35.3 times the shares on offer.

First day of trading

+71.4%

Opened above the offer price, closed +115.7% on day one.

About Solarvest Holdings

A solar EPCC (engineering, procurement, construction and commissioning) contractor specialising in solar PV systems for residential, commercial and industrial properties and LSSPV plants.

First-day forecast

CISCOM's forecast for Solarvest 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.