ListedMain Market· 5297· Shariah-compliant

Tuju Setia IPO

Construction. Offered at RM0.70 a share, listed on 19 May 2021.

Offer price

RM0.70

Shares offered

82.7m

RM58m at offer

Market cap at listing

RM222m

Offer period

26 Apr 2021 to 5 May 2021

Listing date

19 May 2021

Principal adviser

Alliance Investment Bank Berhad (AIBB)

Timeline

Offer opens
26 Apr 2021
Offer closes
5 May 2021
Balloting
Done
Listed
19 May 2021

Oversubscription

42.1×

Public applications for 42.1 times the shares on offer, 21,292 applications.

First day of trading

+10.7%

Opened above the offer price, closed +5.7% on day one.

About Tuju Setia

Tuju Setia, through its wholly-owned subsidiary PTS, provides construction services for non-residential and residential high-rise buildings in Malaysia, with operations since 2006.

First-day forecast

CISCOM's forecast for Tuju Setia 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.