ListedACE Market· 0349· Shariah-compliant

Sumisaujana Group IPO

Industrial Products & Services, Chemicals. Offered at RM0.24 a share, listed on 9 Apr 2025.

Offer price

RM0.24

Shares offered

400.0m

RM96m at offer

Market cap at listing

RM346m

Offer period

13 Mar 2025 to 25 Mar 2025

Listing date

9 Apr 2025

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
13 Mar 2025
Offer closes
25 Mar 2025
Balloting
Done
Listed
9 Apr 2025

Oversubscription

1.9×

Public applications for 1.9 times the shares on offer, 5,512 applications.

First day of trading

-25%

Opened below the offer price, closed -25% on day one.

About Sumisaujana Group

Sumisaujana Group Berhad is an investment holding company whose subsidiary manufactures and trades oil & gas specialty chemicals, including drilling fluid chemicals and production/refinery chemicals, with operations based in Puncak Alam, Selangor since 2011.

First-day forecast

CISCOM's forecast for Sumisaujana 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.