ECOGRP EGH International Berhad
Key figures
- IPO price
- RM 0.16
- Day 1 open
- RM 0.145
- Day 1 close
- RM 0.135
- Current price
- RM 0.135
- Day 1 open %
- -9.4%
- Day 1 close %
- -15.6%
- Since listing
- -15.6%
- Oversubscription
- 2.63x
- Market cap
- RM 160.0 M
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Eligible Persons | 30 M | 3% |
Source: company prospectus, PDF page 40.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our Subsidiaries, we are principally involved in the provision of interior fit-out services and sale of FF&E and building materials . Over the last 15 years, our portfolio of completed interior fit-out projects includes over 57 hotels and resorts, 20 healthcare facilities, 3 educational institutions and 5 airport lounges in both Malaysia and overseas markets, including Cambodia, India and Hong Kong.
Source: company prospectus, PDF page 29.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Construction of new head office, warehouse and showroom | 5,000 | 13.0% |
| Repayment of borrowings | 14,400 | 37.5% |
| General working capital | 13,000 | 33.9% |
| Estimated listing expenses | 6,000 | 15.6% |
Source: company prospectus, PDF page 34.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2023 | 161,638 | 2,265 | 1.40% | 0.30 |
| FY2024 | 177,485 | 3,858 | 2.17% | 0.50 |
| FY2025 | 156,714 | 7,217 | 4.61% | 0.95 |
| FY2026 | 187,089 | 10,902 | 5.83% | 1.44 |
Latest-FY revenue growth: +19.38%. PE at the IPO price: 11.11. Source: company prospectus (verified excerpts), PDF page 36.
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 -15.6% sits at P7 of its board · This IPO's since-listing of -15.6% sits at P39 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TTVHB | 18 Jan 2023 | RM 0.34 | +276.5% | -38.2% | RM 159.1 M |
| ICTZONE | 03 Jun 2025 | RM 0.20 | +0.0% | -20.0% | RM 159.1 M |
| SDCG | 19 Sep 2024 | RM 0.38 | +32.9% | +51.3% | RM 161.1 M |
| SLG | 06 Oct 2026 | RM 0.28 | -10.7% | -10.7% | RM 156.8 M |
| KHJB [NS] | 08 Jul 2019 | RM 0.43 | -18.6% | -69.8% | RM 163.4 M |
| WELLS | 16 Jan 2023 | RM 0.23 | +87.0% | +191.3% | RM 163.8 M |
| SINKUNG | 15 May 2024 | RM 0.13 | +7.7% | -19.2% | RM 156.0 M |
| KENERGY | 29 May 2024 | RM 0.30 | +55.0% | +116.7% | RM 165.0 M |
Audit
No audit published for this IPO.