RTECH
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.75
- Day 1 close
- RM 0.32
- Current price
- RM 0.21
- Day 1 open %
- +200.0%
- Day 1 close %
- +28.0%
- Since listing
- -16.0%
- Oversubscription
- 245.42x
- Market cap
- RM 50.6 M
- Offer size
- 79.97 M
- Enlarged shares
- 202.45 M
- Float
- 39.5%
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) | 10.12 M | 12.7% |
| Private placement | 68.297 M | 85.4% |
| New shares issued | 54.66 M | 68.4% |
| Offer for sale | 25.31 M | 31.6% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company was incorporated in Malaysia under the Act on 21 September 2023 as a public company under the present name to embark on the Listing. Through our sole Subsidiary, RCSB, we are principally involved in the distribution of electronic reloads as well as the provision of bill payment services via our SRS platform.
Source: company prospectus, PDF page 3.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Marketing and promotional activities | 4,500 | 32.9% |
| Acquisition of New Office | 3,000 | 21.9% |
| General working capital | 3,000 | 21.9% |
| Estimated listing expenses | 3,166 | 23.2% |
Source: company prospectus, PDF page 43.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 5,085 | 3,369 | 66.26% | 2.28 |
| FY2021 | 4,781 | 3,054 | 63.88% | 2.07 |
| FY2022 | 6,187 | 4,227 | 68.32% | 2.86 |
| FY2023 | 7,797 | 5,374 | 68.93% | 3.64 |
Latest-FY revenue growth: +26.01%. PE at the IPO price: 6.87. Source: company prospectus (verified excerpts), PDF page 33, 97.
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 +28.0% sits at P62 of its board · This IPO's since-listing of -16.0% sits at P38 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| FLEXI | 30 Mar 2021 | RM 0.20 | +115.0% | -35.0% | RM 56.8 M |
| VOLCANO | 06 Apr 2021 | RM 0.35 | +38.6% | +21.4% | RM 57.8 M |
| OFB | 04 Jul 2024 | RM 0.28 | +175.0% | -28.6% | RM 58.8 M |
| HAILY | 21 Jul 2021 | RM 0.68 | +8.8% | -27.9% | RM 42.1 M |
| RT | 29 Jun 2026 | RM 0.18 | -11.1% | -30.6% | RM 61.0 M |
| CAMAROE [NS] | 02 Oct 2025 | RM 0.14 | +7.1% | -14.3% | RM 69.3 M |
| ZANTAT | 27 Mar 2024 | RM 0.25 | +50.0% | -10.0% | RM 70.0 M |
| VANZO | 17 Dec 2024 | RM 0.15 | +10.0% | -6.7% | RM 70.0 M |
Audit
No audit published for this IPO.