ListedMain Market· 5330· Shariah-compliant

TMK Chemical IPO

Industrial Products & Services, Chemicals. Offered at RM1.75 a share, listed on 12 Dec 2024.

Offer price

RM1.75

Shares offered

220.0m

RM385m at offer

Market cap at listing

RM1.75bn

Offer period

25 Nov 2024 to 29 Nov 2024

Listing date

12 Dec 2024

Principal adviser

Maybank Investment Bank Berhad

Timeline

Offer opens
25 Nov 2024
Offer closes
29 Nov 2024
Balloting
Done
Listed
12 Dec 2024

Oversubscription

14.3×

Public applications for 14.3 times the shares on offer, 14,739 applications.

First day of trading

+12.6%

Opened above the offer price, closed +9.7% on day one.

About TMK Chemical

TMK Chemical provides total chemical management — sourcing, processing and distribution of inorganic chemicals and value-added services — alongside chemical terminal bulk storage services, operating through 20 subsidiaries across Malaysia, Singapore and Vietnam.

First-day forecast

CISCOM's forecast for TMK Chemical 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.