Sorento Capital IPO
Consumer Products & Services, Houshold Goods. Offered at RM0.37 a share, listed on 28 Oct 2024.
Timeline
- Offer opens7 Oct 2024
- Offer closes15 Oct 2024
- BallotingDone
- Listed28 Oct 2024
Public applications for 39.3 times the shares on offer, 21,292 applications.
Opened above the offer price, closed +1.4% on day one.
About Sorento Capital
Sorento Capital Berhad is an investment holding company whose subsidiaries market, distribute, and sell bathroom and kitchen sanitary wares in Malaysia under house brands ('Sorento', 'Mocha', 'Cabana', 'i-Born') and as authorised distributor for foreign brands Bravat and Infinity.
CISCOM's forecast for Sorento Capital 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.