ListedACE Market· 0232· Shariah-compliant

Volcano IPO

Industrial Products & Services, Industrial Services. Offered at RM0.35 a share, listed on 6 Apr 2021.

Offer price

RM0.35

Shares offered

60.0m

RM21m at offer

Market cap at listing

RM58m

Offer period

16 Mar 2021 to 24 Mar 2021

Listing date

6 Apr 2021

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
16 Mar 2021
Offer closes
24 Mar 2021
Balloting
Done
Listed
6 Apr 2021

Oversubscription

176.6×

Public applications for 176.6 times the shares on offer.

First day of trading

+100%

Opened above the offer price, closed +38.6% on day one.

About Volcano

Manufacturing of nameplates (metal and non-metal) and plastic injection moulded parts for the E&E and automotive industries, with operations in Perai, Penang (Malaysia) and Rayong, Thailand.

First-day forecast

CISCOM's forecast for Volcano 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.