Saliran Group Bhd, which supplies pipes to the oil and gas industry, has set its initial public offering (IPO) price at 27 sen apiece in a share sale that will raise up to RM32 million from the ACE Market.

The public issue comprising 80.4 million new shares will raise RM21.7 million, according to its prospectus launched on Wednesday. An offer for sale of 38.29 million existing shares meanwhile will gross about RM10.3 million for its selling shareholder.

Applications for the IPO shares will close on Feb 28, and the listing is scheduled for March 13.

The public issue involves 19.15 million new shares for application by the Malaysian public, 7.66 million shares for eligible persons, and private placements totalling 54 million shares for approved Bumiputera and select investors.

https://theedgemalaysia.com/node/744983

This post has been edited by nexona88: Feb 20 2025, 03:56 PM

Sigh.... dunno.... to sub or not to sub..... later sub d become submarine

wa lao, i'm still a junior with 2 stars only....when can I get 3 stars ah ??

This post has been edited by Yipeegee: Feb 20 2025, 11:10 PM

27sen quite cheap. but O&G doing well or not now with renewables? didnt manage to apply for pantech since I forgot to apply lol, maybe I apply this one

Seems okay...

Price not so high from afar... Need to see FV/TP reports to evaluate the IPO...

As for your 2 star...
Please read the link below for more details
https://forum.lowyat.net/index.php?act=faq&article=3

at that price, it's gonna be over-subscribed for sure.

Lets see any TP

Sure would be oversubscribed... Any IPO that comes out like that....

But the biggest question is how high???? Anyone guess 🤔

if oversubscribe and end up like richtech will be nice. Can hv fun during raya later

the IPO is based on 1st come 1st serve or random select based on allocation?

This post has been edited by shyan90's: Feb 21 2025, 12:26 PM

random

where got so easy wor

Haha...no wonder try joe 2-3 times also kenot get

Depends on luck boss...

Some says also banks that you applied... But personally I don't think so

Any TP pls share

M+ = 0.45 (66.67%)

Tq ..good tp

applied. hope it goes well. FV cannot trust M+ at all. others 50/50

care to share what reference Numbers?

not sure how to check the ref number. i applied through maybank

if you can't trust M+, then which one you trust?