ENEST Enest Group Berhad
Key figures
- IPO price
- RM 0.13
- Day 1 open
- RM 0.13
- Day 1 close
- RM 0.105
- Current price
- RM 0.085
- Day 1 open %
- +0.0%
- Day 1 close %
- -19.2%
- Since listing
- -34.6%
- Oversubscription
- 1.94x
- Market cap
- RM 75.6 M
- Offer size
- 131.304 M
- Enlarged shares
- 581.25 M
- Float
- 22.59%
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) | 29.06 M | 22.1% |
| Bumiputera / MITI | 72.6563 M | 55.3% |
| Private placement | 20.8657 M | 15.9% |
| New shares issued | 116.25 M | 88.5% |
| Offer for sale | 15.054 M | 11.5% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company is principally an investment holding company. Through our subsidiaries, we are principally involved in the processing and sale of RCEBN, trading of EBN, and sale of processed bird’s nest products.
Source: company prospectus, PDF page 22.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Repayment of bank borrowings | 5,000 | 33.1% |
| Working capital | 6,413 | 42.4% |
| Estimated listing expenses | 3,700 | 24.5% |
Source: company prospectus, PDF page 29.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 112,972 | 6,066 | 5.37% | 1.30 |
| FY2023 | 120,325 | 6,670 | 5.54% | 1.40 |
| FY2024 | 146,207 | 8,037 | 5.50% | 1.70 |
| FY2025 | 158,382 | 8,021 | 5.06% | 1.70 |
Latest-FY revenue growth: +8.33%. PE at the IPO price: 7.65. Source: company prospectus (verified excerpts), PDF page 30.
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 -19.2% sits at P4 of its board · This IPO's since-listing of -34.6% sits at P22 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ECKEM | 03 Jul 2026 | RM 0.12 | +0.0% | -25.0% | RM 75.0 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 |
| HAWK | 05 Sep 2024 | RM 0.15 | +130.0% | +93.3% | RM 73.5 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 |
| KHB [NS] | 08 Oct 2024 | RM 0.20 | +7.5% | -45.0% | RM 80.5 M |
Audit
No audit published for this IPO.