<article>CMS Opus Private Equity-backed engineering solutions provider <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/serba-dinamik-to-list-in-feb-in-biggest-malaysian-ipo-in-19-months-61669/">Serba Dinamik</a> on Wednesday listed on the Malaysian stock exchange, marking a steady debut.</article>

CMS Opus Private Equity-backed engineering solutions provider <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/serba-dinamik-to-list-in-feb-in-biggest-malaysian-ipo-in-19-months-61669/">Serba Dinamik</a> on Wednesday listed on the Malaysian stock exchange, marking a steady debut.
Serba Dinamilk&#8217;s offering is also the <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/malaysia-ipo-story-may-revive-with-1-56-bn-expected-to-be-raised-through-ipo-in-2017-62602/">biggest IPO for Malaysia</a> since 2015.
The firm that listed on the <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/48485-48485/">Bursa Malaysia</a> to raise over $130 million, had offered a public issue of 26.7 million shares under its IPO which had been oversubscribed by 4.96 times.
The stock opened at MYR1.53 on February 8 on the day as compared to the offer price of MYR1.50 per share.
The company provides solutions to the oil and gas (O&amp;G) as well as power industries has a total market capital of over MYR2 billion.
Private equity firm CMS Opus had invested in Serba Dinamik in 2013 and sold a portion of its interest as part of its the listing exercise, the private equity firm said in a statement on Friday.
Serba Dinamik, currently has tendered for about MYR5 billion worth of EPCC jobs in Pengerang, Johor and the group is awaiting the outcome of its bids, which is expected to be revealed within the next six months.
“Theoretically I can say that more contracts are coming in. In Malaysia, as you can see in the last one week, oil and gas companies have been announcing awards being received,&#8221; the company&#8217;s Managing Director and CEO Datuk Ir Mohd Karim Abdullah had said on the day of listing.
About 60 per cent the firm&#8217;s revenue is generated from its operations in the Middle East, while the rest is from local activities. In fact, CMS Opus has assisted the company&#8217;s regional expansion particularly in Indonesia and Middle East.
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PE-backed Serba Dinamik debuts at Bursa, raises $135m from IPO

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PE-backed Serba Dinamik debuts at Bursa, raises $135m from IPO

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