ListedACE Market· 0279· Shariah-compliant

Synergy House IPO

Consumer Products & Services, Houshold Goods. Offered at RM0.43 a share, listed on 1 Jun 2023.

Offer price

RM0.43

Shares offered

130.0m

RM56m at offer

Market cap at listing

RM215m

Offer period

12 May 2023 to 18 May 2023

Listing date

1 Jun 2023

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
12 May 2023
Offer closes
18 May 2023
Balloting
Done
Listed
1 Jun 2023

Oversubscription

14.0×

Public applications for 14.0 times the shares on offer, 12,347 applications.

First day of trading

-11.6%

Opened below the offer price, closed -18.6% on day one.

About Synergy House

Synergy House is an investment holding company principally engaged in the design, development and sale of ready-to-assemble (RTA) home furniture.

First-day forecast

CISCOM's forecast for Synergy House 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.