CBHB
Key figures
- IPO price
- RM 0.28
- Day 1 open
- RM 0.33
- Day 1 close
- RM 0.335
- Current price
- RM 0.42
- Day 1 open %
- +17.9%
- Day 1 close %
- +19.6%
- Since listing
- +50.0%
- Oversubscription
- 34.21x
- Market cap
- RM 526.6 M
- Offer size
- 486.09 M
- Enlarged shares
- 1880.9 M
- Float
- 25.84%
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) | 94.05 M | 19.3% |
| Bumiputera / MITI | 235.11 M | 48.4% |
| Private placement | 128.518 M | 26.4% |
| New shares issued | 298 M | 61.3% |
| Offer for sale | 188.09 M | 38.7% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is principally an electrical engineering service provider and we specialise in electricity supply distribution systems, where we undertake the design, supply, installation, testing, commissioning and maintenance of HV, MV, LV and ELV electrical systems. We also undertake mechanical engineering works for building systems, where this relates to the design, supply, installation, testing, commissioning and maintenance of building systems such as ACMV systems, fire protection systems, plumbing and sanitary systems as well as renewable energy systems.
Source: company prospectus, PDF page 122.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Procurement of equipment and components for future projects | 38,504 | 46.1% |
| Payment to subcontractors for future projects | 18,480 | 22.1% |
| Bank guarantees for future projects | 17,300 | 20.7% |
| Recruitment of engineers and other personnel | 3,456 | 4.1% |
| Estimated listing expenses | 5,700 | 6.8% |
Source: company prospectus, PDF page 40.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2023 | 78,752 | 12,219 | 15.52% | 0.65 |
| FPE2024 | 178,225 | 30,657 | 17.20% | 1.63 |
| FYE2021 | 67,575 | 3,530 | 5.22% | 0.19 |
| FYE2022 | 180,120 | 20,045 | 11.13% | 1.07 |
| FYE2023 | 207,954 | 33,048 | 15.89% | 1.76 |
Latest-FY revenue growth: +15.45%. PE at the IPO price: 15.91. Source: company prospectus (verified excerpts), PDF page 43.
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 +19.6% sits at P57 of its board · This IPO's since-listing of +50.0% sits at P74 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| AQUAWALK | 19 Nov 2025 | RM 0.31 | +22.6% | +12.9% | RM 571.3 M |
| ELRIDGE | 22 Aug 2024 | RM 0.29 | +37.9% | +244.8% | RM 580.0 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 |
| SAG | 05 Jun 2025 | RM 0.62 | +12.9% | +32.3% | RM 620.0 M |
| SNS | 02 Sep 2022 | RM 0.25 | +6.0% | +102.0% | RM 403.2 M |
| OPPSTAR | 15 Mar 2023 | RM 0.63 | +285.7% | -42.1% | RM 400.8 M |
Audit
No audit published for this IPO.