GDGROUP Golden Destinations Group
Key figures
- IPO price
- RM 0.45
- Day 1 open
- RM 0.49
- Day 1 close
- RM 0.40
- Current price
- RM 0.38
- Day 1 open %
- +8.9%
- Day 1 close %
- -11.1%
- Since listing
- -15.6%
- Oversubscription
- 2.10x
- Market cap
- RM 450.0 M
- Offer size
- 300 M
- Enlarged shares
- 1000 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) | 50 M | 16.7% |
| Bumiputera / MITI | 125 M | 41.7% |
| Private placement | 90 M | 30.0% |
| New shares issued | 200 M | 66.7% |
| Offer for sale | 100 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are a full -service outbound travel experience curator, offering a comprehensive suite of outbound travel experience products and services under Golden Destinations (GD), our flagship brand portfolio.
Source: company prospectus, PDF page 85.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Set-up of a new centralised headquarters | 50,000 | 55.6% |
| Branding, marketing and promotional activities | 13,500 | 15.0% |
| Business expansion to Sarawak and Singapore | 6,000 | 6.7% |
| Capital expenditure on IT system and infrastructure | 4,000 | 4.4% |
| Expansion of our workforce | 6,000 | 6.7% |
| Working capital | 4,000 | 4.4% |
| Estimated listing expenses | 6,500 | 7.2% |
Source: company prospectus, PDF page 45.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 157,037 | 1,469 | 0.94% | 0.15 |
| FY2023 | 433,128 | 13,345 | 3.08% | 1.33 |
| FY2024 | 597,488 | 31,612 | 5.29% | 3.16 |
| FY2025 | 592,403 | 28,358 | 4.79% | 2.84 |
Latest-FY revenue growth: -0.85%. PE at the IPO price: 15.85. Source: company prospectus (verified excerpts), PDF page 34.
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 -11.1% sits at P12 of its board · This IPO's since-listing of -15.6% sits at P40 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| GTA | 08 Sep 2026 | RM 0.35 | -4.3% | -28.6% | RM 452.0 M |
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| SNS | 02 Sep 2022 | RM 0.25 | +6.0% | +102.0% | RM 403.2 M |
| OPPSTAR | 15 Mar 2023 | RM 0.63 | +285.7% | -42.1% | RM 400.8 M |
| 5ER | 15 Apr 2026 | RM 0.26 | +3.9% | -3.9% | RM 400.4 M |
| MTEC | 29 Jan 2024 | RM 0.39 | -7.7% | +169.2% | RM 397.8 M |
| TELADAN | 16 Mar 2021 | RM 0.48 | +18.8% | +85.7% | RM 386.5 M |
| CBHB | 16 Jan 2025 | RM 0.28 | +19.6% | +50.0% | RM 526.6 M |
Audit
No audit published for this IPO.