Gagasan Nadi Cergas’ Recent IPO Oversubscribed by 20 times
With more than 20 years of track record in property design and construction, Malaysia’s leading construction group and listed property developer, Gagasan Nadi Cergas Bhd (also referred to as Nadi Cergas), recently made a strong debut on the ACE Market of Bursa Malaysia which saw the public tranche of its initial public offering (IPO) oversubscribed by more than 20 times.
The oversubscription of the public tranche signifies the confidence of the investing community in the Group’s ability to demonstrate strong growth in future, especially on the back of its recent successful progression into property development.
Proven Track Record in Delivering Sustainable and Quality Developments
Founded in 1995 by an experienced team of industry veterans, Nadi Cergas started out as a specialist contractor with a strong track record in sizeable integrated design and build projects. Since then, it has been the company behind many of the iconic developments throughout the nation.
In a span of more than two decades, it has secured more than RM3 billion worth of projects and has been awarded many of the key government projects such as
- German-Malaysian Institute in Bangi, Selangor,
- University Science Malaysia, Penang, and
- Universiti Islam Antarabangsa Malaysia, Pahang.
Supported by a full scope of in-house expertise, Nadi Cergas soon venture into property development, building various iconic development across the nation starting with a number of top notch projects, including bungalows semi-detached, cluster landed and townhouses.
A Developer with the Nation in Mind
Despite its experience in building iconic and luxurious landmark properties, Nadi Cergas is one of the few property developers that is actively helping to complement and support the national agenda of providing affordable housing for the rakyat.
“We are planning to use the proceeds from our listing to develop more affordable homes under the government schemes, such as Rumah Selangorku, PR1MA and RUMAWIP.”
One notable project would be its upcoming project at Ulu Yam. With a landbank totalling 116 acres (approximately 469,881 sq m) in Ulu Yam, the Group intends to build a private township of 447 residential and commercial units, as well as sustainable living facilities to provide beautiful and accessible homes for young couples, families and even singles.
For those of you who are interested to view this exquisite development in person, feel free to schedule a private viewing at the Antara Residence Showflat via the form below!