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MAIN Shariah

Listed 19 Jul 2021 · Technology · Kuala Lumpur · Adviser: Maybank Investment Bank Berhad

Key figures

IPO price
RM 1.10
Day 1 open
RM 1.50
Day 1 close
RM 1.62
Current price
RM 0.805
Day 1 open %
+36.4%
Day 1 close %
+47.3%
Since listing
-26.8%
Oversubscription
27.60x
Market cap
RM 2.42 B
Offer size
1100 M
Enlarged shares
2200 M
Float
50%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)44 M4.0%
Private placement936 M85.1%
New shares issued200 M18.2%
Offer for sale900 M81.8%

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 +47.3% sits at P89 of its board · This IPO's since-listing of -26.8% sits at P36 of its board

Peers — MAIN

SymbolListedIPO priceDay 1 closeSince listingMarket cap
FFB 22 Mar 2022 RM 1.35 +27.4% +104.4% RM 2.51 B
MTTSL 21 Apr 2026 RM 1.03 -2.9% -8.7% RM 2.58 B
JPG 09 Jul 2024 RM 0.84 +7.1% +85.7% RM 2.10 B
TMK 12 Dec 2024 RM 1.75 +9.7% -25.1% RM 1.75 B
RADIUM 31 May 2023 RM 0.50 -23.0% +0.0% RM 1.73 B
DXN 19 May 2023 RM 0.70 -5.0% -27.1% RM 3.49 B
SENHENG 25 Jan 2022 RM 1.07 -20.1% -81.3% RM 1.60 B
PARADIGM [NS] 10 Jun 2025 RM 1.00 +0.0% -6.0% RM 1.60 B

Audit

No audit published for this IPO.