ListedACE Market· 0336

Winstar Capital IPO

Industrial Products & Services, Metals. Offered at RM0.35 a share, listed on 19 Dec 2024.

Offer price

RM0.35

Shares offered

73.9m

RM26m at offer

Market cap at listing

RM102m

Offer period

26 Nov 2024 to 3 Dec 2024

Listing date

19 Dec 2024

Principal adviser

TA Securities Holdings Berhad

Timeline

Offer opens
26 Nov 2024
Offer closes
3 Dec 2024
Balloting
Done
Listed
19 Dec 2024

Oversubscription

80.2×

Public applications for 80.2 times the shares on offer, 19,881 applications.

First day of trading

+40%

Opened above the offer price, closed +45.7% on day one.

About Winstar Capital

Winstar Capital Berhad is an investment holding company whose subsidiaries manufacture extruded aluminium profiles, aluminium ladders, and solar PV mounting structures, trade and distribute building materials, and provide solar PV system installation services.

First-day forecast

CISCOM's forecast for Winstar Capital 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.