Yup, my calculation estimate it will have an FV of PE 16.84. Going by the draft prospectus number of shares upon listing, the FV price i estimate will be RM 0.31. Usually, there will be around 20% discount to the FV. So the IPO price is likely to be RM 0.25. Market Cap will be RM 108 million. FY2021 forward PE will be 15x, lower than listed peers, but taken into account its smaller size.

Allocation for retail investors is really low. My estimate is around 112x oversubscription for both bumi and public, 186x oversubscription for public

First day listing my estimate will debut at RM 0.50>, 2 times above its IPO price.

Let's see if i get them all correct.