EGP Energy Corp’s stock surged 27.45% during intraday trading on Wednesday, marking a stellar debut on the Singapore Exchange’s mainboard.

The sharp rally follows the company’s initial public offering, which raised gross proceeds of approximately SG$30.6 million. The IPO was oversubscribed by 17.6%, reflecting strong investor demand for the energy company’s shares ahead of its listing.

Trading momentum accelerated throughout the session, with the stock opening nearly 8% higher and extending gains as the day progressed, underscoring a robust first-day pop for the newly listed counter.