FIBRO
Key figures
- IPO price
- RM 0.55
- Day 1 open
- RM 0.46
- Day 1 close
- RM 0.495
- Current price
- RM 0.65
- Day 1 open %
- -16.4%
- Day 1 close %
- -10.0%
- Since listing
- +18.2%
- Oversubscription
- 1.02x
- Market cap
- RM 136.6 M
- Offer size
- 57.1 M
- Enlarged shares
- 248.28 M
- Float
- 23%
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) | 12.41 M | 21.7% |
| Bumiputera / MITI | 31.03 M | 54.3% |
| Private placement | 7.448 M | 13.0% |
| New shares issued | 32.28 M | 56.5% |
| Offer for sale | 24.83 M | 43.5% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is principally involved in the provision of geotechnical solutions for erosion control, ground improvement, as well as sediment control, filtration and containment lining. Our geotechnical solutions comprise design, manufacturing and installation of geotechnical solutions using geosynthetics, erosion control and/ or biomass products. We are also involved in the trading of geosynthetics and erosion control products.
Source: company prospectus, PDF page 147.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Purchase of machinery | 7,560 | 42.6% |
| Working capital | 6,712 | 37.8% |
| Estimated listing expenses | 3,480 | 19.6% |
Source: company prospectus, PDF page 30.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2021 | 45,787 | 5,753 | 12.56% | 2.70 |
| FY2022 | 47,953 | 3,537 | 7.38% | 1.60 |
| FY2023 | 68,300 | 8,490 | 12.43% | 3.90 |
| FY2024 | 75,463 | 9,974 | 13.22% | 4.60 |
Latest-FY revenue growth: +10.49%. PE at the IPO price: 11.96. Source: company prospectus (verified excerpts), PDF page 30.
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 -10.0% sits at P13 of its board · This IPO's since-listing of +18.2% sits at P62 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SUNVIEW | 17 Oct 2022 | RM 0.29 | +58.6% | +31.0% | RM 135.7 M |
| DENGKIL | 25 Mar 2025 | RM 0.25 | -8.0% | -26.0% | RM 135.0 M |
| WESTRVR | 05 May 2025 | RM 0.39 | -5.1% | -47.4% | RM 139.5 M |
| HPPHB | 20 Jan 2021 | RM 0.36 | +97.2% | -5.6% | RM 139.8 M |
| GOHUB | 03 Jul 2024 | RM 0.35 | +171.4% | +44.3% | RM 140.0 M |
| OHM | 28 May 2025 | RM 0.28 | +1.8% | +16.1% | RM 140.0 M |
| POLYMER | 25 Nov 2025 | RM 0.25 | +0.0% | -26.0% | RM 140.0 M |
| CHB | 18 Dec 2023 | RM 0.35 | +62.9% | +137.1% | RM 130.1 M |
Audit
No audit published for this IPO.