ListedACE Market· 0337· Shariah-compliant

Swift Energy Technology IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.28 a share, listed on 8 Jan 2025.

Offer price

RM0.28

Shares offered

300.2m

RM84m at offer

Market cap at listing

RM280m

Offer period

9 Dec 2024 to 23 Dec 2024

Listing date

8 Jan 2025

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
9 Dec 2024
Offer closes
23 Dec 2024
Balloting
Done
Listed
8 Jan 2025

Oversubscription

58.1×

Public applications for 58.1 times the shares on offer, 24,041 applications.

First day of trading

+28.6%

Opened above the offer price, closed +41.1% on day one.

About Swift Energy Technology

Swift Energy Technology is principally involved in the provision of industrial automation and power systems — covering process control, Ex solar PV, and power distribution — serving customers in the oil & gas and grain products/edible oils/food manufacturing industries.

First-day forecast

CISCOM's forecast for Swift Energy Technology 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.