ListedACE Market· 0199· Shariah-compliant

Tri-Mode System (M) IPO

Transportation & Logistics Services. Offered at RM0.61 a share, listed on 14 May 2018.

Offer price

RM0.61

Shares offered

43.2m

RM26m at offer

Market cap at listing

TBA

Offer period

18 Apr 2018 to 26 Apr 2018

Listing date

14 May 2018

Principal adviser

See prospectus

Timeline

Offer opens
18 Apr 2018
Offer closes
26 Apr 2018
Balloting
Done
Listed
14 May 2018

Oversubscription

3.7×

Public applications for 3.7 times the shares on offer, 1,252 applications.

First day of trading

-18.0%

Opened below the offer price, closed -13.9% on day one.

First-day forecast

CISCOM's forecast for Tri-Mode System (M) 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.