ListedACE Market· 0262· Shariah-compliant

Sunview Group IPO

Energy, Renewable Energy. Offered at RM0.29 a share, listed on 17 Oct 2022.

Offer price

RM0.29

Shares offered

118.0m

RM34m at offer

Market cap at listing

RM136m

Offer period

23 Sept 2022 to 30 Sept 2022

Listing date

17 Oct 2022

Principal adviser

Alliance Islamic Bank Berhad

Timeline

Offer opens
23 Sept 2022
Offer closes
30 Sept 2022
Balloting
Done
Listed
17 Oct 2022

Oversubscription

63.2×

Public applications for 63.2 times the shares on offer.

First day of trading

+105.2%

Opened above the offer price, closed +58.6% on day one.

About Sunview Group

Sunview is an investment holding company principally involved through its subsidiaries in the EPCC of solar PV facilities, solar PV construction and installation services, solar power generation and supply, as well as associated services and products in Malaysia.

First-day forecast

CISCOM's forecast for Sunview 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.