ListedACE Market· 0373· Shariah-compliant

Verdant Solar Holdings IPO

Energy, Renewable Energy. Offered at RM0.31 a share, listed on 22 Oct 2025.

Offer price

RM0.31

Shares offered

215.6m

RM67m at offer

Market cap at listing

RM253m

Offer period

29 Sept 2025 to 7 Oct 2025

Listing date

22 Oct 2025

Principal adviser

Mercury Securities Sdn Bhd

Timeline

Offer opens
29 Sept 2025
Offer closes
7 Oct 2025
Balloting
Done
Listed
22 Oct 2025

Oversubscription

39.6×

Public applications for 39.6 times the shares on offer, 16,737 applications.

First day of trading

+19.4%

Opened above the offer price, closed +19.4% on day one.

About Verdant Solar Holdings

Verdant Solar Holdings Berhad provides Engineering, Procurement, Construction and Commissioning (EPCC) services for solar PV systems, Operations & Maintenance (O&M) services, and trading of solar products, operating primarily across Peninsular Malaysia.

First-day forecast

CISCOM's forecast for Verdant Solar Holdings 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.