OGX OGX Group
Key figures
- IPO price
- RM 0.35
- Day 1 open
- RM 0.28
- Day 1 close
- RM 0.345
- Current price
- RM 0.455
- Day 1 open %
- -20.0%
- Day 1 close %
- -1.4%
- Since listing
- +30.0%
- Oversubscription
- 10.11x
- Market cap
- RM 262.5 M
- Offer size
- 225 M
- Enlarged shares
- 750 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) | 37.5 M | 16.7% |
| Bumiputera / MITI | 93.75 M | 41.7% |
| Private placement | 75 M | 33.3% |
| New shares issued | 150 M | 66.7% |
| Offer for sale | 75 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are an IT infrastructure solutions specialist with a brand-centric model, principally involved in the provision of IT infrastructure solutions, distribution of IT infrastructure products and product warranties and support services.
Source: company prospectus, PDF page 81.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Acquisition and renovation of our Group’s new facility | 30,000 | 57.1% |
| Expansion of our Group’s portfolio of IT infrastructure brands | 2,500 | 4.8% |
| Geographical business expansion | 2,000 | 3.8% |
| Repayment of bank borrowings | 4,500 | 8.6% |
| Working capital | 8,500 | 16.2% |
| Estimated listing expenses | 5,000 | 9.5% |
Source: company prospectus, PDF page 46.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2026 | 105,807 | 9,192 | 8.69% | 1.23 |
| FYE2022 | 82,759 | 1,825 | 2.21% | 0.24 |
| FYE2023 | 120,201 | 3,698 | 3.08% | 0.49 |
| FYE2024 | 172,474 | 8,073 | 4.68% | 1.08 |
| FYE2025 | 176,308 | 15,309 | 8.68% | 2.04 |
Latest-FY revenue growth: +2.22%. PE at the IPO price: 17.16. Source: company prospectus (verified excerpts), PDF page 36.
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 -1.4% sits at P24 of its board · This IPO's since-listing of +30.0% sits at P64 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| CARLORINO | 18 Dec 2024 | RM 0.27 | -14.8% | -48.1% | RM 263.9 M |
| DSS | 06 Jan 2023 | RM 0.55 | +12.7% | -54.5% | RM 264.0 M |
| FOODIE [NS] | 28 Nov 2025 | RM 0.30 | +33.3% | +45.0% | RM 266.4 M |
| EMCC [NS] | 26 Sep 2023 | RM 0.24 | +31.2% | +43.8% | RM 267.6 M |
| CENGILD | 18 Apr 2022 | RM 0.33 | +40.9% | -34.8% | RM 270.2 M |
| VERDANT | 22 Oct 2025 | RM 0.31 | +19.4% | -16.1% | RM 253.5 M |
| SCGBHD | 16 Oct 2020 | RM 0.34 | -2.9% | +514.7% | RM 272.0 M |
| ENPRO | 18 Jul 2025 | RM 0.24 | +10.4% | -8.3% | RM 252.0 M |
Audit
No audit published for this IPO.