ListedACE Market· 0221· Shariah-compliant

TCS Group Holdings IPO

Construction. Offered at RM0.23 a share, listed on 23 Jul 2020.

Offer price

RM0.23

Shares offered

108.0m

RM25m at offer

Market cap at listing

RM83m

Offer period

29 Jun 2020 to 10 Jul 2020

Listing date

23 Jul 2020

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
29 Jun 2020
Offer closes
10 Jul 2020
Balloting
Done
Listed
23 Jul 2020

Oversubscription

33.4×

Public applications for 33.4 times the shares on offer, 5,825 applications.

First day of trading

+154.3%

Opened above the offer price, closed +95.7% on day one.

About TCS Group Holdings

Investment holding company principally involved in the provision of construction services for buildings, infrastructure, civil and structural works in Malaysia, operating through subsidiaries TCS Construction Sdn Bhd and TCS Bina Sdn Bhd.

First-day forecast

CISCOM's forecast for TCS Group 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.