ListedACE Market· 0298· Shariah-compliant

Wentel Engineering Holdings IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.26 a share, listed on 6 Feb 2024.

Offer price

RM0.26

Shares offered

319.2m

RM83m at offer

Market cap at listing

RM299m

Offer period

15 Jan 2024 to 22 Jan 2024

Listing date

6 Feb 2024

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
15 Jan 2024
Offer closes
22 Jan 2024
Balloting
Done
Listed
6 Feb 2024

Oversubscription

17.7×

Public applications for 17.7 times the shares on offer, 10,430 applications.

First day of trading

Opened at the offer price, closed +7.7% on day one.

About Wentel Engineering Holdings

Wentel Engineering Holdings Berhad is a Johor Bahru-based metal fabrication group principally engaged in the fabrication of semifinished metal products (metal bodies and accessories), fabrication of metal parts, and assembly of finished products.

First-day forecast

CISCOM's forecast for Wentel Engineering 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.