ListedACE Market· 0301· Shariah-compliant

Zantat Holdings IPO

Industrial Products & Services, Chemicals. Offered at RM0.25 a share, listed on 27 Mar 2024.

Offer price

RM0.25

Shares offered

72.8m

RM18m at offer

Market cap at listing

RM70m

Offer period

6 Mar 2024 to 13 Mar 2024

Listing date

27 Mar 2024

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
6 Mar 2024
Offer closes
13 Mar 2024
Balloting
Done
Listed
27 Mar 2024

Oversubscription

130.2×

Public applications for 130.2 times the shares on offer, 13,755 applications.

First day of trading

+60%

Opened above the offer price, closed +50% on day one.

About Zantat Holdings

Zantat Holdings is principally involved in the production of calcium carbonate products (ground calcium carbonate and CC dispersions), kaolin dispersion, and ultrafine PCC powder, along with trading of industrial minerals and operation of its own limestone quarry in Keramat Pulai, Perak.

First-day forecast

CISCOM's forecast for Zantat 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.

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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.