GEOHAN Geohan Co
Key figures
- IPO price
- RM 0.55
- Day 1 open
- RM 0.54
- Day 1 close
- RM 0.54
- Current price
- RM 0.49
- Day 1 open %
- -1.8%
- Day 1 close %
- -1.8%
- Since listing
- -10.9%
- Oversubscription
- 7.78x
- Market cap
- RM 242.0 M
- Offer size
- 132 M
- Enlarged shares
- 440 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) | 22 M | 16.7% |
| Bumiputera / MITI | 55 M | 41.7% |
| Private placement | 44 M | 33.3% |
| New shares issued | 132 M | 100.0% |
| Offer for sale | 0 M | 0.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company is an investment holding company. Through our Subsidiaries, we are principally involved in the provision of foundation and geotechnical services , as well as other related services. Our services mainly focus on construction activities conducted below gro und level, for the purpose of providing a stable foundation to uphold the load of buildings and infrastructure built above ground level.
Source: company prospectus, PDF page 12.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Capital expenditure | 40,000 | 55.1% |
| Working capital | 25,600 | 35.3% |
| Estimated listing expenses | 7,000 | 9.6% |
Source: company prospectus, PDF page 70.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2025 | 203,518 | 10,130 | 4.98% | 2.71 |
| FYE2022 | 207,975 | 6,685 | 3.21% | 1.75 |
| FYE2023 | 323,834 | 13,947 | 4.31% | 3.68 |
| FYE2024 | 395,216 | 13,824 | 3.50% | 3.64 |
Latest-FY revenue growth: +22.04%. PE at the IPO price: 15.11. Source: company prospectus (verified excerpts), PDF page 8, 9.
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 -1.8% sits at P30 of its board · This IPO's since-listing of -10.9% sits at P44 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ADVCON [NS] | 10 Jul 2017 | RM 0.63 | +34.1% | -68.2% | RM 253.3 M |
| TJSETIA | 19 May 2021 | RM 0.70 | +5.7% | -67.1% | RM 221.8 M |
| YENHER [NS] | 15 Jul 2021 | RM 0.95 | -5.3% | -17.4% | RM 285.0 M |
| HOCKSOON | 13 Feb 2026 | RM 0.60 | -6.7% | -63.3% | RM 300.0 M |
| LACMED | 10 Dec 2025 | RM 0.75 | +2.0% | +14.7% | RM 300.0 M |
| LWSABAH | 13 Nov 2024 | RM 0.65 | +44.6% | +112.3% | RM 307.6 M |
| KITACON | 17 Jan 2023 | RM 0.68 | +10.3% | +5.9% | RM 340.0 M |
| SENFONG | 07 Jul 2022 | RM 0.75 | -10.0% | +23.9% | RM 389.2 M |
Audit
No audit published for this IPO.