ENPRO
Key figures
- IPO price
- RM 0.24
- Day 1 open
- RM 0.26
- Day 1 close
- RM 0.265
- Current price
- RM 0.22
- Day 1 open %
- +8.3%
- Day 1 close %
- +10.4%
- Since listing
- -8.3%
- Oversubscription
- 0.43x
- Market cap
- RM 252.0 M
- Offer size
- 315 M
- Enlarged shares
- 1050 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 | % of offer |
|---|---|---|
| Malaysian public (balloting) | 52.5 M | 16.7% |
| Private placement | 244.184 M | 77.5% |
| New shares issued | 210 M | 66.7% |
| Offer for sale | 105 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are a mechanical and civil engineering service provider focusing on providing plant maintenance and turnaround, EPCC, as well as FM services. Within our plant maintenance and turnaround segment, we provide M&R of static equipment and structures covering comprehensive maintenance and plant turnaround. Our EPCC segment is focused on major upgrades and replacement of existing plant facilities, as well as construction of new amenities and facilities.
Source: company prospectus, PDF page 104.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Purchase of new machinery, equipment and vehicles | 9,160 | 18.2% |
| Purchase of new lorries and mobile crane | 9,015 | 17.9% |
| Setting up crane depot facility | 5,500 | 10.9% |
| Repayment of bank borrowings | 11,650 | 23.1% |
| Working capital | 10,045 | 19.9% |
| Estimated listing expenses | 5,030 | 10.0% |
Source: company prospectus, PDF page 35.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2021 | 70,650 | 2,126 | 3.01% | 0.20 |
| FY2022 | 118,275 | 5,392 | 4.56% | 0.51 |
| FY2023 | 163,837 | 12,201 | 7.45% | 1.16 |
| FY2024 | 198,409 | 20,218 | 10.19% | 1.93 |
Latest-FY revenue growth: +21.10%. PE at the IPO price: 12.44. Source: company prospectus (verified excerpts), PDF page 36.
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 +10.4% sits at P47 of its board · This IPO's since-listing of -8.3% sits at P50 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| VERDANT | 22 Oct 2025 | RM 0.31 | +19.4% | -16.1% | RM 253.5 M |
| NORTHERN [NS] | 06 Feb 2025 | RM 0.63 | +25.4% | -4.8% | RM 249.2 M |
| DCHCARE | 17 Jul 2023 | RM 0.25 | +80.0% | -52.0% | RM 249.1 M |
| PMIBHD | 26 Jun 2025 | RM 0.27 | -14.8% | -22.2% | RM 247.3 M |
| METRO | 15 Nov 2024 | RM 0.25 | +2.0% | -10.0% | RM 244.7 M |
| OGX | 12 Mar 2026 | RM 0.35 | -1.4% | +30.0% | RM 262.5 M |
| CARLORINO | 18 Dec 2024 | RM 0.27 | -14.8% | -48.1% | RM 263.9 M |
| DSS | 06 Jan 2023 | RM 0.55 | +12.7% | -54.5% | RM 264.0 M |
Audit
No audit published for this IPO.