ListedACE Market· 0319· Shariah-compliant

Vetece Holdings IPO

Technology, Digital Services. Offered at RM0.25 a share, listed on 28 Aug 2024.

Offer price

RM0.25

Shares offered

137.2m

RM34m at offer

Market cap at listing

RM98m

Offer period

8 Aug 2024 to 14 Aug 2024

Listing date

28 Aug 2024

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
8 Aug 2024
Offer closes
14 Aug 2024
Balloting
Done
Listed
28 Aug 2024

Oversubscription

187.4×

Public applications for 187.4 times the shares on offer, 31,054 applications.

First day of trading

+100%

Opened above the offer price, closed +62% on day one.

About Vetece Holdings

VETECE Holdings is a Malaysia-based enterprise IT solutions provider with 21 years of operating history, delivering implementation services, maintenance and support, professional services, and resale of hardware and software.

First-day forecast

CISCOM's forecast for Vetece 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.