A1AKK
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.245
- Current price
- RM 0.23
- Day 1 open %
- +0.0%
- Day 1 close %
- -2.0%
- Since listing
- -8.0%
- Oversubscription
- 0.11x
- Market cap
- RM 210.0 M
- Offer size
- 218.4 M
- Enlarged shares
- 840 M
- Float
- 26%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 42 M | 19.2% |
| Bumiputera / MITI | 105 M | 48.1% |
| Private placement | 63 M | 28.8% |
| New shares issued | 109.2 M | 50.0% |
| Offer for sale | 109.2 M | 50.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are an established Malaysian processed F&B company with an e xtensive track record, engaged in the manufacturing, marketing, supply and/or distribution of processed F&B products under our Group’s in-house brand s and third-party brands, as we ll as provision of contract manufacturing and sourcing services of processed F&B products t o third-party brand owners. Our key manufacturing and storage facilities are located in Senai, Johor (i.e. PLO 81) and Long An Province, Vietnam.
Source: company prospectus, PDF page 30.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Construction of a new factory | 5,000 | 18.3% |
| Upgrading of existing manufacturing facility at PLO 81 | 1,800 | 6.6% |
| Marketing expenses and promotional activities | 8,000 | 29.3% |
| Repayment of bank borrowings | 4,000 | 14.7% |
| General working capital | 4,000 | 14.7% |
| Estimated listing expenses | 4,500 | 16.5% |
Source: company prospectus, PDF page 48.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2025 | 56,693 | 5,477 | 9.66% | 0.65 |
| FYE2022 | 84,769 | 15,387 | 18.15% | 1.83 |
| FYE2023 | 95,105 | 11,799 | 12.41% | 1.40 |
| FYE2024 | 96,083 | 11,884 | 12.37% | 1.41 |
Latest-FY revenue growth: +1.03%. PE at the IPO price: 17.73. Source: company prospectus (verified excerpts), PDF page 37.
Board context: ACE
Across 217 ACE IPOs in the database: median day-1 close +13.5% (P25 +0.0%, P75 +45.7%), median since-listing -8.0%. 71.0% closed day 1 above their IPO price.
This IPO's day-1 close of -2.0% sits at P24 of its board · This IPO's since-listing of -8.0% sits at P50 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SUNLOGY | 20 Feb 2025 | RM 0.30 | +0.0% | -13.3% | RM 210.0 M |
| EPB | 23 Aug 2024 | RM 0.56 | +10.7% | -28.6% | RM 208.3 M |
| TEAMSTR | 25 Feb 2026 | RM 0.26 | -9.6% | -13.5% | RM 208.0 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| PEKAT | 23 Jun 2021 | RM 0.32 | +154.7% | +378.1% | RM 206.4 M |
| OXB | 29 Jul 2025 | RM 0.29 | +32.8% | +10.3% | RM 205.9 M |
| SYNERGY | 01 Jun 2023 | RM 0.43 | -18.6% | -27.9% | RM 215.0 M |
| COLFORM | 10 Feb 2025 | RM 0.36 | +8.3% | -18.1% | RM 216.0 M |
Audit
No audit published for this IPO.