ListedACE Market· 0247

Unitrade Industries IPO

Industrial Products & Services, Building Materials. Offered at RM0.32 a share, listed on 14 Jun 2022.

Offer price

RM0.32

Shares offered

437.5m

RM140m at offer

Market cap at listing

RM500m

Offer period

28 Apr 2022 to 30 May 2022

Listing date

14 Jun 2022

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
28 Apr 2022
Offer closes
30 May 2022
Balloting
Done
Listed
14 Jun 2022

Oversubscription

2.4×

Public applications for 2.4 times the shares on offer.

First day of trading

-17.2%

Opened below the offer price, closed -6.3% on day one.

About Unitrade Industries

Unitrade Industries Berhad is a Malaysia-based wholesale and distribution group supplying over 6,300 SKUs of building materials — pipes, valves, fittings, reinforcement steel, and structural steel — to building and M&E contractors nationwide.

First-day forecast

CISCOM's forecast for Unitrade Industries 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.