TEAMSTR Teamstar
Key figures
- IPO price
- RM 0.26
- Day 1 open
- RM 0.26
- Day 1 close
- RM 0.235
- Current price
- RM 0.225
- Day 1 open %
- +0.0%
- Day 1 close %
- -9.6%
- Since listing
- -13.5%
- Oversubscription
- 4.20x
- Market cap
- RM 208.0 M
- Offer size
- 204 M
- Enlarged shares
- 800 M
- Float
- 25.5%
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) | 40 M | 19.6% |
| Bumiputera / MITI | 100 M | 49.0% |
| Private placement | 48 M | 23.5% |
| New shares issued | 132 M | 64.7% |
| Offer for sale | 72 M | 35.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is primarily involved in the retail sale of furniture fittings and general hardware, and kitchen and home appliances; trading of furniture fittings; as well as the provision of value-added services such as slitting of edge banding jumbo rolls and the mixing and sale of coatings and solvents. We offer our products through our retail channel (retail outlets) and through online channels (electronic commerce (“ e-commerce”) sites such as Lazada , Shopee and TikTok Shop).
Source: company prospectus, PDF page 186.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Set-up new retail outlets and warehouses | 23,209 | 67.6% |
| Working capital requirements | 4,647 | 13.5% |
| Repayment of bank borrowings | 1,464 | 4.3% |
| Defray fees and expenses relating to our Listing | 5,000 | 14.6% |
Source: company prospectus, PDF page 56.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 92,175 | 9,144 | 9.92% | 1.80 |
| FPE2025 | 98,225 | 9,314 | 9.48% | 1.79 |
| FY2022 | 91,305 | 7,413 | 8.12% | 1.48 |
| FY2023 | 109,209 | 8,821 | 8.08% | 1.74 |
| FY2024 | 130,221 | 12,905 | 9.91% | 2.52 |
Latest-FY revenue growth: +19.24%. PE at the IPO price: 10.32. Source: company prospectus (verified excerpts), PDF page 115, 116.
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 -9.6% sits at P13 of its board · This IPO's since-listing of -13.5% sits at P43 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| EPB | 23 Aug 2024 | RM 0.56 | +10.7% | -28.6% | RM 208.3 M |
| PEKAT | 23 Jun 2021 | RM 0.32 | +154.7% | +378.1% | RM 206.4 M |
| A1AKK | 11 Jul 2025 | RM 0.25 | -2.0% | -8.0% | RM 210.0 M |
| SUNLOGY | 20 Feb 2025 | RM 0.30 | +0.0% | -13.3% | RM 210.0 M |
| OXB | 29 Jul 2025 | RM 0.29 | +32.8% | +10.3% | RM 205.9 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| CLOUDPT | 29 May 2023 | RM 0.38 | +35.5% | +71.0% | RM 202.0 M |
| SYNERGY | 01 Jun 2023 | RM 0.43 | -18.6% | -27.9% | RM 215.0 M |
Audit
No audit published for this IPO.