CLITE
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.23
- Day 1 close
- RM 0.23
- Current price
- RM 0.24
- Day 1 open %
- -8.0%
- Day 1 close %
- -8.0%
- Since listing
- -4.0%
- Oversubscription
- 28.41x
- Market cap
- RM 150.0 M
- Offer size
- 180 M
- Enlarged shares
- 600 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 | % of offer |
|---|---|---|
| Malaysian public (balloting) | 30 M | 16.7% |
| Bumiputera / MITI | 75 M | 41.7% |
| Private placement | 54 M | 30.0% |
| New shares issued | 120 M | 66.7% |
| Offer for sale | 60 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are an engineering support services provider, focusing on surface finishing treatment services. We primarily specialise in the provision of metal plating services on intermediate metal products with expertise in plating a composition of multi -layer metal coatings (involving gold, silver, palladium and /or nickel). We also provide non -metal plating services on intermediate metal products, which includes anodising and other non -metal plating services as and when requested by our customers on an ad-hoc basis.
Source: company prospectus, PDF page 77.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Expansion of our Group’s facility | 7,800 | 26.0% |
| Set-up of cleanrooms | 7,000 | 23.3% |
| Capital expenditure on machineries and equipment | 1,000 | 3.3% |
| Establish a research and development department | 500 | 1.7% |
| Repayment of bank borrowings | 5,500 | 18.3% |
| Working capital | 4,200 | 14.0% |
| Estimated listing expenses | 4,000 | 13.3% |
Source: company prospectus, PDF page 37.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2021 | 18,396 | 1,652 | 8.98% | 0.28 |
| FYE2022 | 22,147 | 3,179 | 14.35% | 0.53 |
| FYE2023 | 28,048 | 9,000 | 32.09% | 1.50 |
| FYE2024 | 34,192 | 9,258 | 27.08% | 1.54 |
Latest-FY revenue growth: +21.91%. PE at the IPO price: 16.23. Source: company prospectus (verified excerpts), PDF page 37, 38.
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 -8.0% sits at P15 of its board · This IPO's since-listing of -4.0% sits at P53 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| KUCINGKO [NS] | 26 Jul 2024 | RM 0.30 | +90.0% | -70.0% | RM 150.0 M |
| YEWLEE | 07 Jun 2022 | RM 0.28 | +3.6% | +62.0% | RM 149.1 M |
| AGX | 07 Feb 2024 | RM 0.35 | +2.9% | +28.6% | RM 151.5 M |
| MFGROUP | 06 May 2026 | RM 0.38 | -1.3% | -25.0% | RM 152.0 M |
| SMART | 28 May 2024 | RM 0.40 | +15.0% | -53.8% | RM 147.9 M |
| CRPMATE | 05 Dec 2024 | RM 0.20 | +5.0% | -12.5% | RM 147.6 M |
| TAGHILL | 28 Feb 2022 | RM 0.30 | +3.3% | -78.2% | RM 146.9 M |
| UUE | 02 Jul 2024 | RM 0.24 | +189.6% | +200.0% | RM 146.0 M |
Audit
No audit published for this IPO.