HI Mobility (5335.MY) made a strong debut on Bursa Malaysia’s Main Market, opening at RM1.27, hitting a high of RM1.33, and closing at RM1.30, marking a 6.56% gain from its IPO price of RM1.22.
IPO Performance & Demand
Trading Volume: 98.4 million shares
Closing Price: RM1.30
Oversubscription:
Overall: 6.57x
Public: 10.12x
Bumiputera: 3.03x
This indicates strong investor appetite, especially from the public segment, for HI Mobility's growth potential in the transportation and EV sectors.
IPO Fund Allocation (RM115.9M Raised)
60.4%: Expand bus fleet (electric + ICE vehicles)
12.9%: Build EV charging infrastructure
4.4%: AI for vehicle monitoring & driver management
22.3%: Working capital & listing expenses
Focus on sustainability and smart mobility positions the company well in the green transport movement.
Market Cap & Advisory
Estimated Market Cap: RM610 million
Principal Adviser & Underwriter: Maybank Investment Bank
CEO Statement
“Our listing marks a significant milestone... With the growing demand for sustainable transportation, we are committed to delivering innovative mobility solutions.”– Lim Chern Chuen, Executive Director & CEO
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