ListedACE Market· 0352· Shariah-compliant

Wtec Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.25 a share, listed on 29 Apr 2025.

Offer price

RM0.25

Shares offered

133.4m

RM33m at offer

Market cap at listing

RM120m

Offer period

9 Apr 2025 to 15 Apr 2025

Listing date

29 Apr 2025

Principal adviser

Alliance Islamic Bank Berhad

Timeline

Offer opens
9 Apr 2025
Offer closes
15 Apr 2025
Balloting
Done
Listed
29 Apr 2025

Oversubscription

1.6×

Public applications for 1.6 times the shares on offer, 2,055 applications.

First day of trading

Opened at the offer price, closed -6% on day one.

About Wtec Group

WTEC Group manufactures and trades foam and non-foam products, serving the automotive, electrical and electronics, construction, medical/PPE, and other industries from facilities in Semenyih, Selangor.

First-day forecast

CISCOM's forecast for Wtec Group 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.