PGLOBAL
Key figures
- IPO price
- RM 0.68
- Day 1 open
- RM 0.465
- Day 1 close
- RM 0.575
- Current price
- RM 0.445
- Day 1 open %
- -31.6%
- Day 1 close %
- -15.4%
- Since listing
- -34.6%
- Oversubscription
- 44.93x
- Market cap
- RM 578.0 M
- Offer size
- 262.23 M
- Enlarged shares
- 850 M
- Float
- 30.85%
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) | 21.25 M | 8.1% |
| Bumiputera / MITI | 106.25 M | 40.5% |
| Private placement | 104.978 M | 40.0% |
| New shares issued | 262.23 M | 100.0% |
| Offer for sale | 0 M | 0.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are principally involved in the manufacture of butt weld pipe fittings and welded pipes. Our butt weld pipe fittings include carbon and stainless steel elbows, tees, reducers, stub end (stainless steel only), and end caps mainly for pressure piping applications.
Source: company prospectus, PDF page 269.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated listing expenses | 8,600 |
Source: company prospectus, PDF page 333.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 225,762 | 29,017 | 12.85% | |
| FPE2025 | 264,976 | 26,661 | 10.06% | |
| FYE2022 | 351,941 | 38,403 | 10.91% | |
| FYE2023 | 551,444 | 81,406 | 14.76% | |
| FYE2024 | 440,939 | 49,711 | 11.27% |
Latest-FY revenue growth: -20.04%. Source: company prospectus (verified excerpts), PDF page 42.
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 -15.4% sits at P5 of its board · This IPO's since-listing of -34.6% sits at P32 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| AMEREIT | 20 Sep 2022 | RM 1.13 | +2.6% | +44.2% | RM 587.6 M |
| MEGAFB [NS] | 11 Nov 2024 | RM 0.67 | -2.2% | +18.7% | RM 566.1 M |
| AME | 14 Oct 2019 | RM 1.30 | +19.2% | +79.2% | RM 555.2 M |
| HI | 28 Mar 2025 | RM 1.22 | +9.0% | +101.6% | RM 610.0 M |
| MKHOP | 30 Apr 2024 | RM 0.62 | -0.8% | -0.8% | RM 634.6 M |
| REACHTEN | 02 May 2025 | RM 0.52 | +3.9% | -5.8% | RM 520.0 M |
| MSTGOLF | 20 Jul 2023 | RM 0.81 | -3.7% | -75.3% | RM 664.9 M |
| GENERGY | 11 Dec 2025 | RM 1.00 | -12.0% | -16.0% | RM 500.0 M |
Audit
No audit published for this IPO.