On 11th November, 2024 - $MEGAFB (5327.MY)$ saw its shares fall more than 2% on its first trading day on Monday, dropping to RM0.655 from its initial issue price of RM0.67, with a turnover of RM42.58 million. Moreover, the public portion of its initial public offering (IPO) was oversubscribed by 7.18 times.
Significantly, Mega Fortris Berhad published its financial report for the first quarter of FY25 on 6th November. The report reve...