BFIELD Butterfield FB Berhad
Key figures
- IPO price
- RM 0.48
- Day 1 open
- RM 0.43
- Day 1 close
- RM 0.46
- Current price
- RM 0.425
- Day 1 open %
- -10.4%
- Day 1 close %
- -4.2%
- Since listing
- -11.5%
- Oversubscription
- 18.67x
- Market cap
- RM 384.0 M
- Float
- 27.75%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Eligible Persons under the Pink Form Allocations | 16 M | 2% |
Source: company prospectus, PDF page 38.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company was incorporated to facilitate our Listing and is principally an investment holding company. Through our subsidiaries, we are principally involved in the manufacturing of coffee extract powder blends and tea extract powder blends. Further, we are also involved in the sales and trading of food ingredients and instant beverage premixes.
Source: company prospectus, PDF page 107.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Expansion of Bukit Minyak Premises | 15,200 | 21.1% |
| Working capital | 37,800 | 52.5% |
| Expansion through strategic investments, mergers and / or acquisition opportunities | 13,000 | 18.1% |
| Estimated listing expenses | 6,000 | 8.3% |
Source: company prospectus, PDF page 47.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE 30 April 2025 | 245,333 | 26,848 | 10.94% |
Source: company prospectus, checked by the AQSB audit system (FYE 30 April 2025).
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 -4.2% sits at P21 of its board · This IPO's since-listing of -11.5% sits at P45 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TELADAN | 16 Mar 2021 | RM 0.48 | +18.8% | +85.7% | RM 386.5 M |
| MTEC | 29 Jan 2024 | RM 0.39 | -7.7% | +169.2% | RM 397.8 M |
| NE | 15 Oct 2024 | RM 0.50 | +1.0% | +50.0% | RM 370.0 M |
| 5ER | 15 Apr 2026 | RM 0.26 | +3.9% | -3.9% | RM 400.4 M |
| OPPSTAR | 15 Mar 2023 | RM 0.63 | +285.7% | -42.1% | RM 400.8 M |
| SNS | 02 Sep 2022 | RM 0.25 | +6.0% | +102.0% | RM 403.2 M |
| SUMI | 09 Apr 2025 | RM 0.24 | -25.0% | -62.5% | RM 346.5 M |
| LEFORM | 30 Nov 2022 | RM 0.23 | -19.6% | -26.1% | RM 340.6 M |
Audit
Audit stage: MITI · data as of 2026-06-23. This audit is from a pre-listing stage; figures are subject to change as the IPO advances.