ListedACE Market· 0230· Shariah-compliant

Teladan Setia Group IPO

Property. Offered at RM0.48 a share, listed on 16 Mar 2021.

Offer price

RM0.48

Shares offered

201.9m

RM97m at offer

Market cap at listing

RM387m

Offer period

23 Feb 2021 to 2 Mar 2021

Listing date

16 Mar 2021

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
23 Feb 2021
Offer closes
2 Mar 2021
Balloting
Done
Listed
16 Mar 2021

Oversubscription

17.5×

Public applications for 17.5 times the shares on offer.

First day of trading

+25%

Opened above the offer price, closed +18.8% on day one.

About Teladan Setia Group

Property development company principally involved in developing and selling residential properties and shops, with projects located in Melaka. 9 acres of undeveloped landbank.

First-day forecast

CISCOM's forecast for Teladan Setia Group 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.