EVOCOM Evocom Berhad
Key figures
- IPO price
- RM 0.18
- Day 1 open
- RM 0.15
- Day 1 close
- RM 0.13
- Current price
- RM 0.10
- Day 1 open %
- -16.7%
- Day 1 close %
- -27.8%
- Since listing
- -44.4%
- Oversubscription
- 3.60x
- Market cap
- RM 82.0 M
- Offer size
- 135.91 M
- Enlarged shares
- 455.63 M
- Float
- 29.83%
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) | 22.78 M | 16.8% |
| Bumiputera / MITI | 56.95 M | 41.9% |
| Private placement | 56.172 M | 41.3% |
| New shares issued | 113.91 M | 83.8% |
| Offer for sale | 22 M | 16.2% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is principally involved in the provision of flexible staffing and network support services for e-commerce and logistics activities.
Source: company prospectus, PDF page 32.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Working capital for the flexible staffing services | 7,200 | 35.1% |
| Development of technology application | 3,000 | 14.6% |
| Working capital to expand air freight transhipment business | 3,000 | 14.6% |
| Set up of Proposed Nilai Headquarters | 1,500 | 7.3% |
| General working capital | 1,344 | 6.6% |
| Estimated listing expenses | 4,459 | 21.8% |
Source: company prospectus, PDF page 48.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2022 | 180,381 | 6,735 | 3.73% | 1.48 |
| FYE2023 | 200,464 | 5,309 | 2.65% | 1.17 |
| FYE2024 | 209,413 | 6,187 | 2.95% | 1.36 |
| FYE2025 | 183,388 | 3,129 | 1.71% | 0.69 |
Latest-FY revenue growth: -12.43%. PE at the IPO price: 26.09. Source: company prospectus (verified excerpts), PDF page 229.
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 -27.8% sits at P1 of its board · This IPO's since-listing of -44.4% sits at P14 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TCS | 23 Jul 2020 | RM 0.23 | +95.7% | -33.3% | RM 82.8 M |
| MBN [NS] | 25 Jul 2023 | RM 0.21 | +28.6% | -54.8% | RM 81.1 M |
| OPTIMAX | 18 Aug 2020 | RM 0.30 | +126.7% | +280.0% | RM 81.0 M |
| KHB [NS] | 08 Oct 2024 | RM 0.20 | +7.5% | -45.0% | RM 80.5 M |
| ACO | 18 Mar 2020 | RM 0.28 | -42.9% | -30.4% | RM 84.0 M |
| AGMO | 18 Aug 2022 | RM 0.26 | +201.9% | +36.5% | RM 84.5 M |
| MNHLDG | 28 Apr 2022 | RM 0.21 | +11.9% | +623.8% | RM 85.8 M |
| GOLDLI | 18 May 2026 | RM 0.13 | -19.2% | -34.6% | RM 78.0 M |
Audit
No audit published for this IPO.