SAG
Key figures
- IPO price
- RM 0.62
- Day 1 open
- RM 0.68
- Day 1 close
- RM 0.70
- Current price
- RM 0.82
- Day 1 open %
- +9.7%
- Day 1 close %
- +12.9%
- Since listing
- +32.3%
- Oversubscription
- 1.12x
- Market cap
- RM 620.0 M
- Offer size
- 240 M
- Enlarged shares
- 1000 M
- Float
- 24%
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) | 50 M | 20.8% |
| Bumiputera / MITI | 125 M | 52.1% |
| Private placement | 35 M | 14.6% |
| New shares issued | 260 M | 108.3% |
| 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 provision of interior fitting -out services . As part of our interior fitting-out services, we are also involved in the customisation and supply of carpentry/ joinery parts and integral fixtures as well as manufacturing of wooden furniture for the interior fitting-out projects undertaken by our Group.
Source: company prospectus, PDF page 49.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Working capital | 30,140 | |
| Repayment of bank borrowings | 20,000 | |
| Purchase of machinery and equipment | 4,000 |
Source: company prospectus, PDF page 40.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2021 | 73,412 | 2,717 | 3.70% | 0.37 |
| FYE2022 | 139,460 | 5,764 | 4.13% | 0.78 |
| FYE2023 | 173,383 | 10,423 | 6.01% | 1.41 |
| FYE2024 | 386,016 | 40,559 | 10.51% | 5.48 |
Latest-FY revenue growth: +122.64%. PE at the IPO price: 11.31. Source: company prospectus (verified excerpts), PDF page 40.
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 +12.9% sits at P49 of its board · This IPO's since-listing of +32.3% sits at P65 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ELRIDGE | 22 Aug 2024 | RM 0.29 | +37.9% | +244.8% | RM 580.0 M |
| AQUAWALK | 19 Nov 2025 | RM 0.31 | +22.6% | +12.9% | RM 571.3 M |
| CBHB | 16 Jan 2025 | RM 0.28 | +19.6% | +50.0% | RM 526.6 M |
| LSH | 21 Mar 2025 | RM 0.88 | -5.7% | +111.4% | RM 737.8 M |
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| NATGATE | 12 Jan 2023 | RM 0.38 | +163.2% | +154.0% | RM 788.1 M |
| GTA | 08 Sep 2026 | RM 0.35 | -4.3% | -28.6% | RM 452.0 M |
| GDGROUP | 16 Apr 2026 | RM 0.45 | -11.1% | -15.6% | RM 450.0 M |
Audit
No audit published for this IPO.