KUALA LUMPUR: Autoris Group Holdings Bhd made a strong debut on the LEAP Market of Bursa Malaysia, with its share price surging by 200 per cent on its first trading day.
The stock climbed 20 sen to 30 sen, up from its initial offering price of 10 sen per share.
The share price move between 20 sen and 30 sen in the morning session before closing the day at 50 sen, up 40 sen or 400 per cent, valuing the company at RM186.1 million.
The company, which specialises in loss adjusting services for both motor and non-motor segments, now has a market capitalisation of about RM74.42 million based on the opening price.
Autoris handles claim adjustments by using technical data and facts to help resolve disputes through negotiations between insurers and claimants.
Since its inception, the company has built strong connections with insurers nationwide and continues to provide loss adjusting and risk management services.
Autoris is supervised by Bank Negara Malaysia and is a registered member of the Association of Malaysia Loss Adjusters.