ECKEM Eckem Holdings Berhad
Key figures
- IPO price
- RM 0.12
- Day 1 open
- RM 0.12
- Day 1 close
- RM 0.12
- Current price
- RM 0.09
- Day 1 open %
- +0.0%
- Day 1 close %
- +0.0%
- Since listing
- -25.0%
- Oversubscription
- 8.09x
- Market cap
- RM 75.0 M
- Offer size
- 187.5 M
- Enlarged shares
- 625 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 | % |
|---|---|---|
| made available to public investors | 15.625 M | 2.5% |
| made available to Bumiputera public investors | 15.625 M | 2.5% |
| Eligible Persons | 31.25 M | 5% |
| Private placement to Bumiputera investors approved by MITI | 15.625 M | 2.5% |
| Private placement to selected investors | 46.875 M | 7.5% |
| Offer for sale Private placement to Bumiputera investors approved by MITI | 62.5 M | 10% |
Source: company prospectus, PDF page 33, 43, 44.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are principally involved in the distribution, sales and application formulation of specialty industrial chemical products as well as manufacturing and trading of rubber products.
Source: company prospectus, PDF page 126.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Construction of new corporate office, warehouse and laboratory | 6,000 | 40.0% |
| Expansion of new production line for our rubber products | 2,000 | 13.3% |
| Repayment of bank borrowings | 1,450 | 9.7% |
| Working capital | 1,750 | 11.7% |
| Estimated listing expenses | 3,800 | 25.3% |
Source: company prospectus, PDF page 53.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 42,901 | 4,870 | 11.35% | 0.97 |
| FY2023 | 37,151 | 6,859 | 18.46% | 1.37 |
| FY2024 | 43,932 | 5,647 | 12.85% | 1.13 |
| FY2025 | 38,662 | 4,478 | 11.58% | 0.90 |
Latest-FY revenue growth: -12.00%. PE at the IPO price: 13.33. Source: company prospectus (verified excerpts), PDF page 245, 246.
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 +0.0% sits at P29 of its board · This IPO's since-listing of -25.0% sits at P32 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ENEST | 15 Jul 2026 | RM 0.13 | -19.2% | -34.6% | RM 75.6 M |
| HAWK | 05 Sep 2024 | RM 0.15 | +130.0% | +93.3% | RM 73.5 M |
| ORGABIO | 05 Jul 2022 | RM 0.31 | +9.7% | +0.0% | RM 76.8 M |
| GLXT | 15 Aug 2023 | RM 0.19 | +34.2% | +15.8% | RM 77.3 M |
| OGM | 27 Jan 2026 | RM 0.25 | -20.0% | -42.0% | RM 77.5 M |
| GOLDLI | 18 May 2026 | RM 0.13 | -19.2% | -34.6% | RM 78.0 M |
| SCB | 13 Aug 2024 | RM 0.27 | +33.3% | -50.0% | RM 71.8 M |
| VANZO | 17 Dec 2024 | RM 0.15 | +10.0% | -6.7% | RM 70.0 M |