ELSA Elsa Berhad
Key figures
- IPO price
- RM 0.23
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.275
- Current price
- RM 0.21
- Day 1 open %
- +8.7%
- Day 1 close %
- +19.6%
- Since listing
- -8.7%
- Oversubscription
- 26.92x
- Market cap
- RM 123.8 M
- Float
- 28.75%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public | 26.92 M | 5% |
| Placement to selected investors | 80.712 M | 14.99% |
Source: company prospectus, PDF page 45, 48.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company is an investment holding company. Through our subsidiaries, our Group is principally involved in the provision of O&G service and equipment solutions which include, amongst others, oilfield service solutions, talent solutions, digital solutions as well as robotics and engineering solutions.
Source: company prospectus, PDF page 36.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 97,464 | 5,359 | 5.50% | 1.00 |
| FY2023 | 173,688 | 11,521 | 6.63% | 2.14 |
| FY2024 | 222,876 | 10,503 | 4.71% | 1.95 |
| FY2025 | 264,664 | 10,759 | 4.07% | 2.00 |
Latest-FY revenue growth: +18.75%. PE at the IPO price: 11.50. Source: company prospectus (verified excerpts), PDF page 33.
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 +19.6% sits at P56 of its board · This IPO's since-listing of -8.7% sits at P49 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| PENTECH | 15 Jun 2026 | RM 0.20 | +30.0% | +70.0% | RM 124.0 M |
| KEEMING | 12 Feb 2026 | RM 0.38 | +129.0% | +563.2% | RM 123.5 M |
| HEGROUP | 30 Jan 2024 | RM 0.28 | +16.1% | +10.7% | RM 123.2 M |
| MMCS | 11 Jun 2026 | RM 0.22 | +2.3% | +54.5% | RM 124.7 M |
| SBS | 20 Jan 2026 | RM 0.25 | -4.0% | -54.0% | RM 122.5 M |
| TOPMIX | 23 Apr 2024 | RM 0.31 | +35.5% | +48.4% | RM 122.1 M |
| MSB | 15 Apr 2025 | RM 0.20 | -15.0% | -57.5% | RM 122.0 M |
| SUM | 18 Jun 2026 | RM 0.28 | +87.5% | +171.4% | RM 126.0 M |
Audit
No audit published for this IPO.