ListedACE Market· 0248· Shariah-compliant

YEW LEE Pacific Group IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM0.28 a share, listed on 7 Jun 2022.

Offer price

RM0.28

Shares offered

159.7m

RM45m at offer

Market cap at listing

RM149m

Offer period

17 May 2022 to 25 May 2022

Listing date

7 Jun 2022

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
17 May 2022
Offer closes
25 May 2022
Balloting
Done
Listed
7 Jun 2022

Oversubscription

26.9×

Public applications for 26.9 times the shares on offer, 10,107 applications.

First day of trading

+1.8%

Opened above the offer price, closed +3.6% on day one.

About YEW LEE Pacific Group

Yew Lee Pacific Group is a Malaysia-based manufacturer of custom-made industrial brushes (roller, lath, circular, disc, spiral, strip and other types) and a trader of industrial hardware and machinery parts.

First-day forecast

CISCOM's forecast for YEW LEE Pacific 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.