99SMART [NS]
MAIN
MITI
Key figures
- IPO price
- RM 1.65
- Day 1 open
- RM 1.85
- Day 1 close
- RM 1.88
- Current price
- RM 3.65
- Day 1 open %
- +12.1%
- Day 1 close %
- +13.9%
- Since listing
- +121.2%
- Oversubscription
- 3.04x
- Market cap
- RM 13.86 B
- Offer size
- 1428 M
- Enlarged shares
- 8400 M
- Float
- 17%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 168 M | 11.8% |
| Bumiputera / MITI | 1050 M | 73.5% |
| Private placement | 168 M | 11.8% |
| New shares issued | 400 M | 28.0% |
| Offer for sale | 1028 M | 72.0% |
Board context — MAIN
Across 56 MAIN IPOs in the database: median day-1 close +3.2% (P25 -2.2%, P75 +27.4%), median since-listing -3.3%. 60.7% closed day 1 above their IPO price.
This IPO's day-1 close of +13.9% sits at P70 of its board · This IPO's since-listing of +121.2% sits at P93 of its board
Peers — MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| LCTITAN [NS] | 11 Jul 2017 | RM 6.50 | -1.8% | -93.8% | RM 16.04 B |
| SUNMED | 18 Mar 2026 | RM 1.45 | +27.6% | +34.5% | RM 16.68 B |
| MRDIY | 26 Oct 2020 | RM 1.60 | +9.4% | +39.2% | RM 10.04 B |
| ECOSHOP | 23 May 2025 | RM 1.13 | +6.2% | +18.6% | RM 6.49 B |
| DXN | 19 May 2023 | RM 0.70 | -5.0% | -27.1% | RM 3.49 B |
| MTTSL | 21 Apr 2026 | RM 1.03 | -2.9% | -8.7% | RM 2.58 B |
| FFB | 22 Mar 2022 | RM 1.35 | +27.4% | +104.4% | RM 2.51 B |
| CTOS | 19 Jul 2021 | RM 1.10 | +47.3% | -26.8% | RM 2.42 B |
Audit
No audit published for this IPO.