LSH
Key figures
- IPO price
- RM 0.88
- Day 1 open
- RM 0.73
- Day 1 close
- RM 0.83
- Current price
- RM 1.86
- Day 1 open %
- -17.1%
- Day 1 close %
- -5.7%
- Since listing
- +111.4%
- Oversubscription
- 11.88x
- Market cap
- RM 737.8 M
- Offer size
- 191 M
- Enlarged shares
- 838.36 M
- Float
- 22.78%
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) | 16.77 M | 8.8% |
| Bumiputera / MITI | 104.8 M | 54.9% |
| Private placement | 56.862 M | 29.8% |
| New shares issued | 132 M | 69.1% |
| Offer for sale | 59 M | 30.9% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
To-date, we are a full-fledged construction co mpany with capabilities to engage in a broad range of construction and engineering works, provide construction-related services and solutions, as well as supply construction produc ts that are complementary to our construction and engineering works as well as the needs of the wider construction industry.
Source: company prospectus, PDF page 31.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated expenses in relation to ou r Transfer of Listing | 7,300 | 6.3% |
Source: company prospectus, PDF page 53.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2021 | 67,416 | 7,930 | 11.76% | 2.38 |
| FY2022 | 165,866 | 41,812 | 25.21% | 11.76 |
| FY2023 | 357,755 | 58,888 | 16.46% | 11.45 |
| FY2024 | 361,405 | 74,331 | 20.57% | 10.52 |
Latest-FY revenue growth: +1.02%. PE at the IPO price: 8.37. Source: company prospectus (verified excerpts), PDF page 409, 410.
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 -5.7% sits at P18 of its board · This IPO's since-listing of +111.4% sits at P83 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| NATGATE | 12 Jan 2023 | RM 0.38 | +163.2% | +154.0% | RM 788.1 M |
| SAG | 05 Jun 2025 | RM 0.62 | +12.9% | +32.3% | RM 620.0 M |
| KOPI | 23 Jan 2025 | RM 0.44 | +98.9% | +184.1% | RM 880.0 M |
| ELRIDGE | 22 Aug 2024 | RM 0.29 | +37.9% | +244.8% | RM 580.0 M |
| AQUAWALK | 19 Nov 2025 | RM 0.31 | +22.6% | +12.9% | RM 571.3 M |
| CBHB | 16 Jan 2025 | RM 0.28 | +19.6% | +50.0% | RM 526.6 M |
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| GTA | 08 Sep 2026 | RM 0.35 | -4.3% | -28.6% | RM 452.0 M |
Audit
No audit published for this IPO.