ListedACE Market· 0250· Shariah-compliant

YX Precious Metals IPO

Consumer Products & Services, Personal Goods. Offered at RM0.28 a share, listed on 23 Jun 2022.

Offer price

RM0.28

Shares offered

111.6m

RM31m at offer

Market cap at listing

RM104m

Offer period

30 May 2022 to 9 Jun 2022

Listing date

23 Jun 2022

Principal adviser

Public Investment Bank Berhad (PIVB)

Timeline

Offer opens
30 May 2022
Offer closes
9 Jun 2022
Balloting
Done
Listed
23 Jun 2022

Oversubscription

26.4×

Public applications for 26.4 times the shares on offer, 8,105 applications.

First day of trading

Opened at the offer price, closed -3.6% on day one.

About YX Precious Metals

YXPM is a gold jewellery specialist involved in wholesaling, design and manufacturing of 916-gold jewellery, selling to trade customers such as jewellery retailers and wholesalers primarily in Malaysia (>97% of revenue in FYE 2021) with some exports to Singapore and other countries.

First-day forecast

CISCOM's forecast for YX Precious Metals 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.