ListedACE Market· 0256· Shariah-compliant

Umedic Group IPO

Health Care Equipment & Services. Offered at RM0.32 a share, listed on 26 Jul 2022.

Offer price

RM0.32

Shares offered

97.2m

RM31m at offer

Market cap at listing

RM120m

Offer period

6 Jul 2022 to 13 Jul 2022

Listing date

26 Jul 2022

Principal adviser

Affin Hwang Investment Bank Berhad

Timeline

Offer opens
6 Jul 2022
Offer closes
13 Jul 2022
Balloting
Done
Listed
26 Jul 2022

Oversubscription

46.8×

Public applications for 46.8 times the shares on offer.

About Umedic Group

UMediC Group is an investment holding company whose subsidiaries market and distribute branded medical devices and consumables (Philips, Mindray, GE, Merit) to hospitals, clinics, and non-medical entities across Malaysia and 30+ countries.

First-day forecast

CISCOM's forecast for Umedic 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.