ORKIM Orkim
Key figures
- IPO price
- RM 0.92
- Day 1 open
- RM 0.92
- Day 1 close
- RM 0.93
- Current price
- RM 1.13
- Day 1 open %
- +0.0%
- Day 1 close %
- +1.1%
- Since listing
- +22.8%
- Oversubscription
- 11.84x
- Market cap
- RM 920.0 M
- Offer size
- 400 M
- Enlarged shares
- 1000 M
- Float
- 40%
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 | 5.0% |
| Bumiputera / MITI | 50 M | 12.5% |
| Private placement | 322 M | 80.5% |
| New shares issued | 100 M | 25.0% |
| Offer for sale | 300 M | 75.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We operate in the marine transportation sector as an owner -operator of vessels, specialising in the transportation of CPP and LPG products within Malaysia’s coastal waters and across some Asian routes.
Source: company prospectus, PDF page 114.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Purchase of vessels | 80,000 | 87.0% |
| Working capital | 1,150 | 1.2% |
| Defray fees and expenses for our IPO and our Listing | 10,850 | 11.8% |
Source: company prospectus, PDF page 52.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 160,468 | 51,989 | 32.40% | 5.20 |
| FPE2025 | 152,670 | 44,041 | 28.85% | 4.40 |
| FY2022 | 315,577 | 27,941 | 8.85% | 2.79 |
| FY2023 | 302,579 | 81,047 | 26.79% | 8.10 |
| FY2024 | 316,589 | 92,906 | 29.35% | 9.29 |
Latest-FY revenue growth: +4.63%. PE at the IPO price: 9.90. Source: company prospectus (verified excerpts), PDF page 40.
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 +1.1% sits at P40 of its board · This IPO's since-listing of +22.8% sits at P65 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SWIFT | 21 Dec 2021 | RM 1.03 | -6.8% | -65.0% | RM 916.5 M |
| STRATUS | 21 Jul 2026 | RM 0.80 | +163.8% | +220.0% | RM 1.00 B |
| CEB [NS] | 10 Mar 2023 | RM 0.90 | +66.7% | -70.6% | RM 830.7 M |
| PLINTAS | 25 Mar 2024 | RM 0.95 | +2.1% | +1.1% | RM 1.04 B |
| SKYWLD | 10 Jul 2023 | RM 0.80 | -7.5% | -39.4% | RM 800.0 M |
| EMPIRE | 17 Apr 2026 | RM 0.70 | +48.6% | +13.6% | RM 770.0 M |
| ITMAX | 13 Dec 2022 | RM 1.07 | +29.0% | +331.8% | RM 1.10 B |
| KEYFIELD | 22 Apr 2024 | RM 0.90 | +114.4% | +88.9% | RM 720.0 M |
Audit
No audit published for this IPO.