ListedACE Market· 0271· Shariah-compliant

Wellspire Holdings IPO

Consumer Products & Services, Food & Beverages. Offered at RM0.23 a share, listed on 16 Jan 2023.

Offer price

RM0.23

Shares offered

249.2m

RM57m at offer

Market cap at listing

RM164m

Offer period

27 Dec 2022 to 4 Jan 2023

Listing date

16 Jan 2023

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
27 Dec 2022
Offer closes
4 Jan 2023
Balloting
Done
Listed
16 Jan 2023

Oversubscription

11.2×

Public applications for 11.2 times the shares on offer, 7,727 applications.

First day of trading

+43.5%

Opened above the offer price, closed +87.0% on day one.

About Wellspire Holdings

Wellspire is a Malaysia-incorporated investment holding company whose subsidiaries distribute and retail consumer packaged snack foods in Thailand.

First-day forecast

CISCOM's forecast for Wellspire 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.