ListedACE Market· 0225· Shariah-compliant

Southern Cable Group IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.34 a share, listed on 16 Oct 2020.

Offer price

RM0.34

Shares offered

229.3m

RM78m at offer

Market cap at listing

RM272m

Offer period

29 Sept 2020 to 6 Oct 2020

Listing date

16 Oct 2020

Principal adviser

MIDF Amanah Investment Bank Berhad

Timeline

Offer opens
29 Sept 2020
Offer closes
6 Oct 2020
Balloting
Done
Listed
16 Oct 2020

Oversubscription

10.5×

Public applications for 10.5 times the shares on offer, 10,308 applications.

First day of trading

-1.5%

Opened below the offer price, closed -2.9% on day one.

About Southern Cable Group

Southern Cable Group is principally a manufacturer of cables and wires for power distribution, communications, and control/instrumentation applications, accounting for ~89–96% of revenue across the periods reviewed.

First-day forecast

CISCOM's forecast for Southern Cable 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.