LACMED Lac Med
Key figures
- IPO price
- RM 0.75
- Day 1 open
- RM 0.75
- Day 1 close
- RM 0.765
- Current price
- RM 0.86
- Day 1 open %
- +0.0%
- Day 1 close %
- +2.0%
- Since listing
- +14.7%
- Oversubscription
- 12.64x
- Market cap
- RM 300.0 M
- Offer size
- 104.2 M
- Enlarged shares
- 400 M
- Float
- 26.05%
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) | 20 M | 19.2% |
| Bumiputera / MITI | 50 M | 48.0% |
| Private placement | 30 M | 28.8% |
| New shares issued | 74.2 M | 71.2% |
| Offer for sale | 30 M | 28.8% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We specialise in the supply and integration of medical devices. As an authorised distributor in Malaysia and Indonesia, we supply third -party brands of medical devices comprising medical equipment and associated products , which include medical consumables and provision of software and system integration.
Source: company prospectus, PDF page 100.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| - Setting up new head office and warehouse | 12,000 | 21.6% |
| - Expansion of Indonesian business | 8,000 | 14.4% |
| - Establishment of EaaS and MEAMS segments | 8,000 | 14.4% |
| Repayment of bank borrowings | 16,000 | 28.7% |
| Working capital | 6,148 | 11.0% |
| Estimated listing expenses | 5,500 | 9.9% |
Source: company prospectus, PDF page 43.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2025 | 94,955 | 10,076 | 10.61% | 2.50 |
| FYE2022 | 106,644 | 13,065 | 12.25% | 3.30 |
| FYE2023 | 150,347 | 20,744 | 13.80% | 5.20 |
| FYE2024 | 183,216 | 20,399 | 11.13% | 5.10 |
Latest-FY revenue growth: +21.86%. PE at the IPO price: 14.71. Source: company prospectus (verified excerpts), PDF page 31.
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 +2.0% sits at P44 of its board · This IPO's since-listing of +14.7% sits at P60 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| HOCKSOON | 13 Feb 2026 | RM 0.60 | -6.7% | -63.3% | RM 300.0 M |
| LWSABAH | 13 Nov 2024 | RM 0.65 | +44.6% | +112.3% | RM 307.6 M |
| YENHER [NS] | 15 Jul 2021 | RM 0.95 | -5.3% | -17.4% | RM 285.0 M |
| KITACON | 17 Jan 2023 | RM 0.68 | +10.3% | +5.9% | RM 340.0 M |
| ADVCON [NS] | 10 Jul 2017 | RM 0.63 | +34.1% | -68.2% | RM 253.3 M |
| GEOHAN | 05 Dec 2025 | RM 0.55 | -1.8% | -10.9% | RM 242.0 M |
| SENFONG | 07 Jul 2022 | RM 0.75 | -10.0% | +23.9% | RM 389.2 M |
| AZAMJAYA [NS] | 11 Nov 2024 | RM 0.78 | +39.7% | +34.6% | RM 390.0 M |
Audit
No audit published for this IPO.