EMPIRE Empire Premium Food
Key figures
- IPO price
- RM 0.70
- Day 1 open
- RM 1.10
- Day 1 close
- RM 1.04
- Current price
- RM 0.795
- Day 1 open %
- +57.1%
- Day 1 close %
- +48.6%
- Since listing
- +13.6%
- Oversubscription
- 23.30x
- Market cap
- RM 770.0 M
- Offer size
- 363 M
- Enlarged shares
- 1100 M
- Float
- 33%
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) | 55 M | 15.2% |
| Bumiputera / MITI | 137.5 M | 37.9% |
| Private placement | 155.5 M | 42.8% |
| New shares issued | 218 M | 60.1% |
| Offer for sale | 145 M | 39.9% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are an owner-operator of a chain of sushi food service outlets operating under our brand, Empire Sushi. Our sushi chain targets the mass market, offering accessible and convenient localised Japanese food focusing on ready-to-eat sushi. As at the LPD, we operate a total of 143 Empire Sushi outlets comprising 127 grab-and-go sushi outlets and 16 quick dine-in sushi outlets, across 13 states and 2 federal territories in Malaysia.
Source: company prospectus, PDF page 1.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Upgrading of existing outlets to enhance customer experience | 12,640 | 8.3% |
| Working capital | 52,040 | 34.1% |
| Estimated listing expenses | 8,800 | 5.8% |
Source: company prospectus, PDF page 166.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2023 | 137,095 | |||
| FY2024 | 184,801 | |||
| FY2025 | 235,600 |
Latest-FY revenue growth: +27.49%. Source: company prospectus (verified excerpts), PDF page 110.
Board context: MAIN
Across 57 MAIN IPOs in the database: median day-1 close +3.9% (P25 -2.2%, P75 +27.6%), median since-listing +0.0%. 61.4% closed day 1 above their IPO price.
This IPO's day-1 close of +48.6% sits at P89 of its board · This IPO's since-listing of +13.6% sits at P58 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SKYWLD | 10 Jul 2023 | RM 0.80 | -7.5% | -39.4% | RM 800.0 M |
| KEYFIELD | 22 Apr 2024 | RM 0.90 | +114.4% | +88.9% | RM 720.0 M |
| CPETECH | 07 Dec 2023 | RM 1.07 | -14.5% | -50.5% | RM 718.3 M |
| CEB [NS] | 10 Mar 2023 | RM 0.90 | +66.7% | -70.6% | RM 830.7 M |
| WELLCHIP [NS] | 23 Jul 2024 | RM 1.15 | +49.6% | +34.8% | RM 690.0 M |
| FEYTECH | 21 May 2024 | RM 0.80 | +37.5% | -61.9% | RM 674.6 M |
| MSTGOLF | 20 Jul 2023 | RM 0.81 | -3.7% | -75.3% | RM 664.9 M |
| SWIFT | 21 Dec 2021 | RM 1.03 | -6.8% | -65.0% | RM 916.5 M |
Audit
No audit published for this IPO.