DENGKIL
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.23
- Current price
- RM 0.185
- Day 1 open %
- +0.0%
- Day 1 close %
- -8.0%
- Since listing
- -26.0%
- Oversubscription
- 17.39x
- Market cap
- RM 135.0 M
- Offer size
- 162.04 M
- Enlarged shares
- 540.13 M
- Float
- 30%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public | 27.008 M | 5% |
| Eligible Persons | 10.803 M | 2% |
| Private placement to Bumiputera investors approved by MITI | 40.51 M | 7.5% |
| Private placement to selected investors | 29.7048 M | 5.5% |
| Offer for Sale | 54.013 M | 10% |
| Offer Shares made available for selected Bumiputera investors approved by MITI | 27.0065 M | |
| Offer Shares made available for selected investors | 27.0065 M |
Source: company prospectus, PDF page 42, 43.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our subsidiar y, we are principally involved in the provision of construction services namely earthworks and civil engineering services, trading of construction materials as well as provision of machineries and commercial vehicles for hire.
Source: company prospectus, PDF page 30.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Purchase of machineries and commercial vehicles | 7,580 | 28.1% |
| Project working capital | 9,850 | 36.5% |
| General working capital | 1,426 | 5.3% |
| Repayment of bank borrowings | 3,850 | 14.2% |
| Office renovations | 300 | 1.1% |
| Estimated listing expenses | 4,000 | 14.8% |
Source: company prospectus, PDF page 36.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2021 | 69,856 | 7,775 | 11.13% | 1.80 |
| FY2022 | 82,871 | 7,004 | 8.45% | 1.62 |
| FY2023 | 123,494 | 8,740 | 7.08% | 2.02 |
| FY2024 | 188,541 | 11,324 | 6.01% | 2.62 |
Latest-FY revenue growth: +52.67%. PE at the IPO price: 9.54. Source: company prospectus (verified excerpts), PDF page 36.
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 -8.0% sits at P15 of its board · This IPO's since-listing of -26.0% sits at P30 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SUNVIEW | 17 Oct 2022 | RM 0.29 | +58.6% | +31.0% | RM 135.7 M |
| FIBRO | 08 May 2025 | RM 0.55 | -10.0% | +18.2% | RM 136.6 M |
| WESTRVR | 05 May 2025 | RM 0.39 | -5.1% | -47.4% | RM 139.5 M |
| HPPHB | 20 Jan 2021 | RM 0.36 | +97.2% | -5.6% | RM 139.8 M |
| GOHUB | 03 Jul 2024 | RM 0.35 | +171.4% | +44.3% | RM 140.0 M |
| OHM | 28 May 2025 | RM 0.28 | +1.8% | +16.1% | RM 140.0 M |
| POLYMER | 25 Nov 2025 | RM 0.25 | +0.0% | -26.0% | RM 140.0 M |
| CHB | 18 Dec 2023 | RM 0.35 | +62.9% | +137.1% | RM 130.1 M |
Audit
No audit published for this IPO.