AMS AMS Advanced Material
Key figures
- IPO price
- RM 0.29
- Day 1 open
- RM 0.29
- Day 1 close
- RM 0.305
- Current price
- RM 0.44
- Day 1 open %
- +0.0%
- Day 1 close %
- +5.2%
- Since listing
- +51.7%
- Oversubscription
- 9.03x
- Market cap
- RM 177.5 M
- Offer size
- 160 M
- Enlarged shares
- 612.01 M
- Float
- 26.14%
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) | 30.6 M | 19.1% |
| Bumiputera / MITI | 76.5 M | 47.8% |
| Private placement | 50.741 M | 31.7% |
| New shares issued | 113 M | 70.6% |
| Offer for sale | 47 M | 29.4% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are principally involved in the trading of semi-finished aluminium and copper products and processing of semi-finished aluminium products. We principally operate in Malaysia and Singapore.
Source: company prospectus, PDF page 37.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Setting up of a new LMW plant cum warehouse and office in Penang | 8,105 | 24.7% |
| Expansion into manufacturing of aluminium architectural products | 6,898 | 21.1% |
| Setting up of new distribution point in Kuantan, Pahang | 2,500 | 7.6% |
| Repayment of bank borrowings | 8,167 | 24.9% |
| Working capital | 2,670 | 8.2% |
| Estimated listing expenses | 4,430 | 13.5% |
Source: company prospectus, PDF page 54.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2022 | 61,261 | 4,149 | 6.77% | 0.68 |
| FYE2023 | 60,486 | 2,557 | 4.23% | 0.42 |
| FYE2024 | 99,194 | 6,080 | 6.13% | 0.99 |
| FYE2025 | 129,702 | 8,573 | 6.61% | 1.40 |
Latest-FY revenue growth: +30.76%. PE at the IPO price: 20.71. Source: company prospectus (verified excerpts), PDF page 44.
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 +5.2% sits at P39 of its board · This IPO's since-listing of +51.7% sits at P75 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ANEKA | 20 Oct 2020 | RM 0.33 | -12.1% | -60.6% | RM 177.6 M |
| NESTCON | 29 Jun 2021 | RM 0.28 | +14.3% | +12.5% | RM 180.3 M |
| ADB [NS] | 09 May 2023 | RM 0.33 | +127.3% | +115.1% | RM 181.7 M |
| 3REN [NS] | 06 Nov 2024 | RM 0.28 | +41.1% | +48.2% | RM 182.0 M |
| PSP | 04 Dec 2025 | RM 0.16 | -9.4% | -9.4% | RM 171.0 M |
| TSA | 02 Feb 2024 | RM 0.55 | +4.5% | +30.9% | RM 170.1 M |
| KJTS | 26 Jan 2024 | RM 0.27 | +85.2% | +370.4% | RM 185.8 M |
| XPB | 24 Sep 2025 | RM 0.20 | +12.5% | -17.5% | RM 186.9 M |
Audit
No audit published for this IPO.