ListedACE Market· 0211· Shariah-compliant

Tashin Holdings IPO

Industrial Products & Services, Metals. Offered at RM0.58 a share, listed on 1 Aug 2019.

Offer price

RM0.58

Shares offered

114.8m

RM67m at offer

Market cap at listing

RM202m

Offer period

25 Jun 2019 to 19 Jul 2019

Listing date

1 Aug 2019

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
25 Jun 2019
Offer closes
19 Jul 2019
Balloting
Done
Listed
1 Aug 2019

Oversubscription

5.4×

Public applications for 5.4 times the shares on offer.

First day of trading

Opened at the offer price, closed -16.4% on day one.

About Tashin Holdings

Processing (slitting and shearing) of steel coils into slit coils and steel sheets; manufacturing of steel products comprising steel pipes, flat bars, square bars, expanded metals, checkered plates and C Purlins; and trading of steel products including steel plates, steel pipes, round bars, angle bars and wire mesh.

First-day forecast

CISCOM's forecast for Tashin Holdings 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.