Topmix IPO
Industrial Products & Services, Building Materials. Offered at RM0.31 a share, listed on 23 Apr 2024.
Timeline
- Offer opens27 Mar 2024
- Offer closes4 Apr 2024
- BallotingDone
- Listed23 Apr 2024
Public applications for 58.6 times the shares on offer, 12,438 applications.
Opened above the offer price, closed +35.5% on day one.
About Topmix
Topmix is principally involved in the marketing and sales of its own brands of surface decorative products, including high-pressure laminate (HPL) products, compact panels, PVC edging, wall panels, decorative boards and PVC plywood.
CISCOM's forecast for Topmix 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.