ListedACE Market· 0343· Shariah-compliant

Techstore IPO

Technology, Software. Offered at RM0.20 a share, listed on 18 Feb 2025.

Offer price

RM0.20

Shares offered

150.0m

RM30m at offer

Market cap at listing

RM100m

Offer period

22 Jan 2025 to 4 Feb 2025

Listing date

18 Feb 2025

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
22 Jan 2025
Offer closes
4 Feb 2025
Balloting
Done
Listed
18 Feb 2025

Oversubscription

96.7×

Public applications for 96.7 times the shares on offer, 23,333 applications.

First day of trading

+27.5%

Opened above the offer price, closed +10% on day one.

About Techstore

TechStore provides enterprise IT security and automation solutions — integrating command-and-control, surveillance, access, and communication systems — primarily for the public land transportation sector.

First-day forecast

CISCOM's forecast for Techstore 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.