Johor Plantations Group Bhd (Ticker: JOHO.KL) is a palm oil company based in Johor Bahru, Malaysia, that is expanding into the downstream segment, focusing on specialty oils and fats. The company also produces palm kernels and biomethane, in addition to dealing in agricultural machinery and parts. Johor Plantations will list on July 9th, 2024 in Malaysia. The firm is selling 875 million shares at the price of MYR 0.84 ($0.18) per share. The expected market capitalization at offer is MYR 2.1 billion ($446 million). The total offer size is MYR 735 million ($156 million), making it the largest IPO in Malaysia for 2 years. The offering is managed by RHB Investment Bank, AmInvestment Bank, CIMB, CLSA, and Affin Hwang Investment Bank. IPO cornerstone investors include abrdn Islamic Malaysia, AHAM Asset Management, and Kumpulan Wang Persaraan.