ListedACE Market· 0330· Shariah-compliant

Supreme Consolidated Resources IPO

Consumer Products & Services, Consumer Services. Offered at RM0.25 a share, listed on 29 Nov 2024.

Offer price

RM0.25

Shares offered

70.0m

RM18m at offer

Market cap at listing

RM108m

Offer period

28 Oct 2024 to 15 Nov 2024

Listing date

29 Nov 2024

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
28 Oct 2024
Offer closes
15 Nov 2024
Balloting
Done
Listed
29 Nov 2024

Oversubscription

349.4×

Public applications for 349.4 times the shares on offer, 23,955 applications.

First day of trading

+48%

Opened above the offer price, closed +22% on day one.

About Supreme Consolidated Resources

Supreme Consolidated Resources Bhd is a Sarawak-based distributor with over 40 years of operations, principally engaged in distributing third-party brands and its own brands of Frozen & Chilled Food Products, Ambient F&B Products, and Non-F&B Products across ~1,472 SKUs from 79 brands.

First-day forecast

CISCOM's forecast for Supreme Consolidated Resources 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.