PMIBHD
Key figures
- IPO price
- RM 0.27
- Day 1 open
- RM 0.235
- Day 1 close
- RM 0.23
- Current price
- RM 0.21
- Day 1 open %
- -13.0%
- Day 1 close %
- -14.8%
- Since listing
- -22.2%
- Oversubscription
- 0.37x
- Market cap
- RM 247.3 M
- Offer size
- 250.19 M
- Enlarged shares
- 916 M
- Float
- 27.31%
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) | 45.8 M | 18.3% |
| Bumiputera / MITI | 114.5 M | 45.8% |
| Private placement | 75.285 M | 30.1% |
| New shares issued | 232.19 M | 92.8% |
| Offer for sale | 18 M | 7.2% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our Subsidiaries, we are principally involved in the design, manufacture, assembly, delivery and commission of filters for solid liquid filtration, provision of steel works and provision of technical support services.
Source: company prospectus, PDF page 34.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Working capital | 48,500 | |
| Purchase of motor vehicles as well as machineries and equipment | 5,210 | |
| Capital expenditure | 20,000 |
Source: company prospectus, PDF page 157, 182.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2021 | 105,351 | 10,231 | 9.71% | 1.12 |
| FYE2022 | 154,356 | 17,853 | 11.57% | 1.95 |
| FYE2023 | 138,493 | 10,542 | 7.61% | 1.15 |
| FYE2024 | 141,541 | 7,678 | 5.42% | 0.84 |
Latest-FY revenue growth: +2.20%. PE at the IPO price: 32.14. Source: company prospectus (verified excerpts), PDF page 41.
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 -14.8% sits at P9 of its board · This IPO's since-listing of -22.2% sits at P34 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| DCHCARE | 17 Jul 2023 | RM 0.25 | +80.0% | -52.0% | RM 249.1 M |
| NORTHERN [NS] | 06 Feb 2025 | RM 0.63 | +25.4% | -4.8% | RM 249.2 M |
| METRO | 15 Nov 2024 | RM 0.25 | +2.0% | -10.0% | RM 244.7 M |
| ENPRO | 18 Jul 2025 | RM 0.24 | +10.4% | -8.3% | RM 252.0 M |
| VERDANT | 22 Oct 2025 | RM 0.31 | +19.4% | -16.1% | RM 253.5 M |
| INFOM | 25 Nov 2022 | RM 0.40 | +33.8% | +247.5% | RM 240.5 M |
| KTI | 19 Jun 2024 | RM 0.30 | -5.0% | +41.7% | RM 240.0 M |
| SFPTECH | 20 Jun 2022 | RM 0.30 | +123.3% | +45.0% | RM 240.0 M |
Audit
No audit published for this IPO.