By 11:31am, it had reached a high of RM1.31.

At the opening bell, the company – which specialises in the full spectrum of the durian agribusiness value chain saw about 130,000 of its shares traded.

The group’s listing was the 18th on Bursa and the fourth on the LEAP year-to-date.

Chief executive officer Ng Lian Poh said the group has raised gross proceeds of RM25.75 million, making it the highest funds raised so far through a LEAP listing.

“The funds raised have been mostly utilised for the acquisition of durian plantation landbank in Bentong.

“This will increase our durian yield which will allow the group to venture into the overseas markets, while the listing will make it easier for us to tap into the equity market to expand our landbank,” he told Bernama.

He highlighted that the prices of durians are mixed and based on locations, adding that in Raub and Bentong, Pahang, the Musang King durian farm price has increased to RM55 per kg compared to RM38 per kg last year.

“There are several factors that contributed to the higher price, such as higher demand and lower supply as well as the unfavourable weather,” said Ng.

DSR Taiko owns 33 parcels of durian plantation land in Raub and Bentong, with an aggregate landbank of 40.08ha.

Through a joint venture partnership with Daily Fresh International, the company has developed and commercialised a variety of downstream durian-based products.

Currently, the company’s products are being sold online and are also available in physical stores such as their D’Masking flagship stores located in Bentong and Lot 10 shopping complex in Kuala Lumpur, as well as selected Daily Fresh kiosks in Malaysia.