ECOSHOP
Key figures
- IPO price
- RM 1.13
- Day 1 open
- RM 1.25
- Day 1 close
- RM 1.20
- Current price
- RM 1.34
- Day 1 open %
- +10.6%
- Day 1 close %
- +6.2%
- Since listing
- +18.6%
- Oversubscription
- 0.96x
- Market cap
- RM 6.49 B
- Offer size
- 862.15 M
- Enlarged shares
- 5747 M
- Float
- 15%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Our Directors | 4 M | 0.07% |
| Eligible employees of our Group (including directors of our subsidiaries) | 25.5 M | 0.44% |
| Persons who have contributed to the success of our Group | 42.338 M | 0.74% |
| Bumiputera | 57.47 M | 1% |
| Non-Bumiputera | 57.47 M | 1% |
| Bumiputera investors approved by the MITI | 574.7 M | 10% |
| Other Malaysian and foreign institutional and selected investors | 100.668 M | 1.75% |
Source: company prospectus, PDF page 46.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are the largest dollar store chain in Malaysia based on store count and geographical coverage as at 31 March 2025. We opened our first RM2.00 store in Gemas, Negeri Sembilan in June 2003 and as at the LPD, we operate 358 stores across Malaysia.
Source: company prospectus, PDF page 102.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Opening of new stores | 56,270 | 13.4% |
| Distribution centre expansion plan | 200,000 | 47.6% |
| Investment in IT hardware and software | 10,900 | 2.6% |
| Working capital | 24,700 | 5.9% |
| Repayment of bank borrowings | 100,000 | 23.8% |
| Defray fees and expenses for our IPO and Listing | 28,000 | 6.7% |
Source: company prospectus, PDF page 58.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2023 | 1,134,943 | 71,441 | 6.29% | |
| FPE2024 | 1,362,207 | 93,193 | 6.84% | |
| FYE2022 | 1,574,332 | 27,090 | 1.72% | |
| FYE2023 | 1,990,664 | 105,068 | 5.28% | |
| FYE2024 | 2,404,020 | 177,280 | 7.37% |
Latest-FY revenue growth: +20.76%. Source: company prospectus (verified excerpts), PDF page 249.
Board context: MAIN
Across 57 MAIN IPOs in the database: median day-1 close +3.9% (P25 -2.2%, P75 +27.6%), median since-listing +0.0%. 61.4% closed day 1 above their IPO price.
This IPO's day-1 close of +6.2% sits at P54 of its board · This IPO's since-listing of +18.6% sits at P61 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| MRDIY | 26 Oct 2020 | RM 1.60 | +9.4% | +39.2% | RM 10.04 B |
| DXN | 19 May 2023 | RM 0.70 | -5.0% | -27.1% | RM 3.49 B |
| 99SMART [NS] | 09 Sep 2024 | RM 1.65 | +13.9% | +121.2% | RM 13.86 B |
| LCTITAN [NS] | 11 Jul 2017 | RM 6.50 | -1.8% | -93.8% | RM 16.04 B |
| MTTSL | 21 Apr 2026 | RM 1.03 | -2.9% | +23.3% | RM 2.58 B |
| SUNMED | 18 Mar 2026 | RM 1.45 | +27.6% | +44.8% | RM 16.68 B |
| FFB | 22 Mar 2022 | RM 1.35 | +27.4% | +104.4% | RM 2.51 B |
| CTOS | 19 Jul 2021 | RM 1.10 | +47.3% | -26.8% | RM 2.42 B |
Audit
No audit published for this IPO.