EIPOWER EI Power
Key figures
- IPO price
- RM 0.48
- Day 1 open
- RM 0.61
- Day 1 close
- RM 0.55
- Current price
- RM 0.895
- Day 1 open %
- +27.1%
- Day 1 close %
- +14.6%
- Since listing
- +86.5%
- Oversubscription
- 30.77x
- Market cap
- RM 336.0 M
- Offer size
- 199.5 M
- Enlarged shares
- 700 M
- Float
- 28.5%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| To be issued under Public Issue | 129.5 M | 18.5% |
| For application by the Malaysian Public | 35 M | 5% |
| For Pink Form Allocations | 17.5 M | 2.5% |
| For Entitled Shareholders of OCK via Restricted Offering | 14 M | 2% |
| For private placement to Bumiputera investors approved by MITI | 63 M | 9% |
| To be issued under Offer for Sale | 70 M | 10% |
| For private placement to Bumiputera investors approved by MITI | 24.5 M | 3.5% |
| For private placement to selected investors | 45.5 M | 6.5% |
Source: company prospectus, PDF page 35.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is a power engineering firm and we are principally involved in the EPCC of: (a) mission critical power solutions; (b) conventional power solutions; and (c) renewable energy power solutions. Our power engineering solutions focus on the design, project management, supply, installation, testing, commissioning and maintenance of diesel generation and fuel distribution systems as well as solar PV systems to support the continuity of business operations of our clients.
Source: company prospectus, PDF page 36.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Acquisition and setup of new headquarters cum warehouse | 18,255 | 29.4% |
| Capital expenditure for the installation of building energy efficiency systems | 10,000 | 16.1% |
| Establishment of an office in Thailand | 1,380 | 2.2% |
| Establishment of a branch office cum warehouse in Johor | 2,285 | 3.7% |
| Working capital | 24,964 | 40.1% |
| Estimated listing expenses | 5,276 | 8.5% |
Source: company prospectus, PDF page 42.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2022 | 39,510 | 2,906 | 7.36% | 0.51 |
| FYE2023 | 42,067 | 4,488 | 10.67% | 0.79 |
| FYE2024 | 50,440 | 9,057 | 17.96% | 1.59 |
| FYE2025 | 77,395 | 19,347 | 25.00% | 3.39 |
Latest-FY revenue growth: +53.44%. PE at the IPO price: 14.16. Source: company prospectus (verified excerpts), PDF page 46.
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 +14.6% sits at P52 of its board · This IPO's since-listing of +86.5% sits at P81 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| BMS | 08 Dec 2025 | RM 0.22 | -20.4% | -9.1% | RM 338.8 M |
| LEFORM | 30 Nov 2022 | RM 0.23 | -19.6% | -26.1% | RM 340.6 M |
| ISF | 28 Jan 2026 | RM 0.33 | +45.5% | +157.6% | RM 330.0 M |
| SUMI | 09 Apr 2025 | RM 0.24 | -25.0% | -62.5% | RM 346.5 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.