BMS BMS Holdings
Key figures
- IPO price
- RM 0.22
- Day 1 open
- RM 0.195
- Day 1 close
- RM 0.175
- Current price
- RM 0.20
- Day 1 open %
- -11.4%
- Day 1 close %
- -20.4%
- Since listing
- -9.1%
- Oversubscription
- 2.40x
- Market cap
- RM 338.8 M
- Offer size
- 520 M
- Enlarged shares
- 1540 M
- Float
- 33.77%
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) | 77 M | 14.8% |
| Bumiputera / MITI | 192.5 M | 37.0% |
| Private placement | 188.9 M | 36.3% |
| New shares issued | 364 M | 70.0% |
| Offer for sale | 156 M | 30.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company is principally involved in investment holding. Through our Subsidiaries, we are involved in retailing, wholesaling and project sales of tiles and stone surfaces. We offer a wide range of tiles and stone surfaces including porcelain and ceramic tiles, stone surfaces made from natural stones such as marble, limestone and granite as well as engineered stones, and mosaic tiles. In addition, we also offer bathware and kitchenware to complement our tile and stone surface offerings.
Source: company prospectus, PDF page 106.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Expansion of operations and facilities | 34,280 | 42.8% |
| Upgrading of existing operational facilities and ICT system | 17,000 | 21.2% |
| Marketing activities | 4,000 | 5.0% |
| Working capital | 18,800 | 23.5% |
| Estimated listing expenses | 6,000 | 7.5% |
Source: company prospectus, PDF page 35.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 207,887 | 10,330 | 4.97% | 0.88 |
| FY2023 | 255,050 | 14,283 | 5.60% | 1.21 |
| FY2024 | 293,922 | 21,231 | 7.22% | 1.81 |
| FY2025 | 320,181 | 21,469 | 6.71% | 1.83 |
Latest-FY revenue growth: +8.93%. PE at the IPO price: 12.02. Source: company prospectus (verified excerpts), PDF page 35, 214.
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 -20.4% sits at P2 of its board · This IPO's since-listing of -9.1% sits at P49 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| LEFORM | 30 Nov 2022 | RM 0.23 | -19.6% | -26.1% | RM 340.6 M |
| EIPOWER | 21 May 2026 | RM 0.48 | +14.6% | +86.5% | RM 336.0 M |
| SUMI | 09 Apr 2025 | RM 0.24 | -25.0% | -62.5% | RM 346.5 M |
| ISF | 28 Jan 2026 | RM 0.33 | +45.5% | +157.6% | RM 330.0 M |
| SORENTO | 28 Oct 2024 | RM 0.37 | +1.4% | +12.2% | RM 318.2 M |
| VLB | 31 Jan 2023 | RM 0.33 | +18.2% | +36.4% | RM 311.6 M |
| NE | 15 Oct 2024 | RM 0.50 | +1.0% | +50.0% | RM 370.0 M |
| PMW | 18 Nov 2025 | RM 0.34 | +1.5% | -10.3% | RM 303.3 M |
Audit
No audit published for this IPO.