TECHSTORE
Key figures
- IPO price
- RM 0.20
- Day 1 open
- RM 0.255
- Day 1 close
- RM 0.22
- Current price
- RM 0.285
- Day 1 open %
- +27.5%
- Day 1 close %
- +10.0%
- Since listing
- +42.5%
- Oversubscription
- 96.66x
- Market cap
- RM 100.0 M
- Offer size
- 150 M
- Enlarged shares
- 500 M
- Float
- 30%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| public investors | 12.5 M | |
| Bumiputera public investors | 12.5 M | |
| our Eligible Persons under the Pink Form Allocations | 25 M | 5% |
| Private placement to Bumiputera investors approved by MITI | 62.5 M | 12.5% |
| Private placement to selected investors | 12.5 M | 2.5% |
| Offer for Sale | 25 M | 5% |
Source: company prospectus, PDF page 40, 41.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our subsidiar ies, we are primarily involved in the provision of enterprise IT services, primarily involving the IT security and automation solutions to support our customers’ operations.
Source: company prospectus, PDF page 132.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Working capital | 11,480 | 45.9% |
| Repayment of bank borrowings | 5,000 | 20.0% |
| Recruitment of business development personnel | 2,718 | 10.9% |
| Capital expenditure | 2,302 | 9.2% |
| Estimated listing expenses | 3,500 | 14.0% |
Source: company prospectus, PDF page 49.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2023 | 19,910 | 2,070 | 10.40% | 17.25 |
| FPE2024 | 30,120 | 2,841 | 9.43% | 23.67 |
| FYE2021 | 29,382 | 6,762 | 23.01% | 56.35 |
| FYE2022 | 42,239 | 7,212 | 17.07% | 60.10 |
| FYE2023 | 62,207 | 7,722 | 12.41% | 64.35 |
Latest-FY revenue growth: +47.27%. PE at the IPO price: 0.31. Source: company prospectus (verified excerpts), PDF page 93, 94.
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 +10.0% sits at P46 of its board · This IPO's since-listing of +42.5% sits at P69 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ADNEX | 17 Mar 2026 | RM 0.20 | +25.0% | +125.0% | RM 100.0 M |
| RAMSSOL | 13 Jul 2021 | RM 0.45 | +13.3% | +122.0% | RM 100.4 M |
| JSSOLAR | 23 Sep 2025 | RM 0.31 | +29.0% | -12.9% | RM 100.8 M |
| SAMAIDEN | 15 Oct 2020 | RM 0.48 | +67.7% | +409.4% | RM 100.8 M |
| HKB | 09 Jun 2025 | RM 0.16 | -9.4% | -3.1% | RM 99.2 M |
| TRIMODE | 14 May 2018 | RM 0.61 | -13.9% | -72.1% | RM 101.3 M |
| KGW | 01 Aug 2023 | RM 0.21 | +9.5% | -14.3% | RM 101.4 M |
| AGRICOR | 21 Jun 2024 | RM 0.50 | +75.0% | -12.0% | RM 101.4 M |
Audit
No audit published for this IPO.