GBBOND GB Bond Holdings Berhad
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.255
- Day 1 close
- RM 0.205
- Current price
- RM 0.21
- Day 1 open %
- +2.0%
- Day 1 close %
- -18.0%
- Since listing
- -16.0%
- Oversubscription
- 8.22x
- Market cap
- RM 103.1 M
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public (via balloting) | 20.615 M | 5% |
Source: company prospectus, PDF page 37.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE 31 Disember 2025 (audit) | 52,439 | 8,054 | 15.36% |
Source: company prospectus, checked by the AQSB audit system (FYE 31 Disember 2025 (audit)).
Revenue segmentation (FYE 31 Disember 2025)
| Business segment | % of revenue |
|---|---|
| Pelekat industri | 92.89% |
| Polimer emulsi | 7.01% |
| Sealant | 0.10% |
| Geography | % of revenue |
|---|---|
| Malaysia | 90.93% |
| Vietnam | 5.36% |
| Lain-lain (Dubai, China, Bangladesh, Singapura) | 1.61% |
| Indonesia | 1.09% |
| Thailand | 1.01% |
Source: prospectus segmentation notes, checked by the AQSB audit system.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Sewa dan pembelian mesin kilang baharu | 5,500 | 34.2% |
| Perbelanjaan penyenaraian | 4,500 | 28.0% |
| Pengembangan vietnam | 3,500 | 21.8% |
| Modal kerja | 1,175 | 7.3% |
| Pembelian peralatan formulasi produk | 900 | 5.6% |
| Perbelanjaan pemasaran | 500 | 3.1% |
| Total | 16,075 |
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 -18.0% sits at P6 of its board · This IPO's since-listing of -16.0% sits at P38 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| PEOPLE | 20 May 2025 | RM 0.25 | +6.0% | -14.0% | RM 102.9 M |
| SALIRAN [NS] | 13 Mar 2025 | RM 0.27 | -22.2% | -14.8% | RM 103.4 M |
| RESTNGO | 07 Jul 2026 | RM 0.13 | +0.0% | -23.1% | RM 102.4 M |
| TOPVISN | 16 Dec 2024 | RM 0.33 | +3.0% | -42.4% | RM 102.2 M |
| SPRING | 08 Nov 2019 | RM 0.25 | +0.0% | -44.4% | RM 103.9 M |
| UNIQUE | 05 Aug 2022 | RM 0.26 | -13.5% | +85.1% | RM 104.0 M |
| EIB [NS] | 18 Jul 2022 | RM 0.30 | -13.3% | -51.7% | RM 102.0 M |
| YXPM | 23 Jun 2022 | RM 0.28 | -3.6% | -23.2% | RM 104.2 M |
Audit
Audit stage: RETAIL · data as of 2026-09-18. This audit is from a pre-listing stage; figures are subject to change as the IPO advances.