ASM
Key figures
- IPO price
- RM 0.17
- Day 1 open
- RM 0.17
- Day 1 close
- RM 0.165
- Current price
- RM 0.14
- Day 1 open %
- +0.0%
- Day 1 close %
- -2.9%
- Since listing
- -17.6%
- Oversubscription
- 2.27x
- Market cap
- RM 90.9 M
- Offer size
- 181.82 M
- Enlarged shares
- 534.76 M
- Float
- 34%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Bumiputera public investors | 13.37 M | 2.5% |
| Non-Bumiputera public investors | 13.37 M | 2.5% |
| Pink Form Allocations | 10.696 M | 2% |
| Private placement to Bumiputera investors approved by MITI | 66.846 M | 12.5% |
| Private placement to selected investors | 24.062 M | 4.5% |
| Private placement to selected investors | 53.477 M | 10% |
Source: company prospectus, PDF page 28.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is principally involved in the provision of automation machinery solutions and complementary solutions, primarily for the F&B manufacturing industry.
Source: company prospectus, PDF page 103.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Acquisition of land and construction of a new factory | 11,400 | 52.2% |
| Purchase of machines and purchase of equipment and components for the assembly of demonstration machineries | 2,300 | 10.5% |
| D&D activities | 2,000 | 9.2% |
| Working capital | 1,918 | 8.8% |
| Estimated listing expenses | 4,200 | 19.3% |
Source: company prospectus, PDF page 34.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 32,508 | 6,516 | 20.04% | 1.60 |
| FPE2025 | 27,995 | 2,570 | 9.18% | 0.63 |
| FYE2022 | 35,052 | 3,376 | 9.63% | 0.83 |
| FYE2023 | 35,821 | 3,922 | 10.95% | 0.97 |
| FYE2024 | 39,133 | 7,112 | 18.17% | 1.75 |
Latest-FY revenue growth: +9.25%. PE at the IPO price: 9.71. Source: company prospectus (verified excerpts), PDF page 35.
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 -2.9% sits at P23 of its board · This IPO's since-listing of -17.6% sits at P36 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SRKKAI | 09 Jul 2026 | RM 0.32 | +90.6% | +37.5% | RM 90.9 M |
| EFRAME | 27 Oct 2020 | RM 0.28 | +32.1% | +57.8% | RM 91.0 M |
| LIFTECH | 30 Jun 2026 | RM 0.29 | -17.2% | -39.7% | RM 91.3 M |
| HSSBAKERY | 23 Jun 2026 | RM 0.18 | +0.0% | -27.8% | RM 90.0 M |
| MINOX | 17 Oct 2023 | RM 0.25 | +48.0% | -28.6% | RM 90.0 M |
| SEMICO | 13 Jan 2026 | RM 0.25 | +50.0% | +150.0% | RM 90.0 M |
| MOBILIA | 23 Feb 2021 | RM 0.23 | +141.3% | -26.9% | RM 92.0 M |
| COSMOS [NS] | 06 Oct 2022 | RM 0.35 | +60.0% | -17.1% | RM 89.8 M |
Audit
No audit published for this IPO.