GHS Guan Huat Seng Holdings
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.24
- Day 1 close
- RM 0.245
- Current price
- RM 0.19
- Day 1 open %
- -4.0%
- Day 1 close %
- -2.0%
- Since listing
- -24.0%
- Oversubscription
- 4.78x
- Market cap
- RM 118.4 M
- Offer size
- 141 M
- Enlarged shares
- 473.5 M
- Float
- 29.78%
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) | 23.8 M | 16.9% |
| Bumiputera / MITI | 59.2 M | 42.0% |
| Private placement | 44 M | 31.2% |
| New shares issued | 120 M | 85.1% |
| Offer for sale | 21 M | 14.9% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our Subsidiaries, we are predominantly involved in the distribution and retail of food products including shelf-stable and frozen seafood, flavouring products, dried food and snacks and general grocery products.
Source: company prospectus, PDF page 32.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Part finance the setup of a New Integrated Complex | 12,000 | 40.0% |
| Part finance the setup of a New Krubong Facility | 9,000 | 30.0% |
| Working capital | 3,000 | 10.0% |
| Marketing expenses | 1,500 | 5.0% |
| Estimated listing expenses | 4,500 | 15.0% |
Source: company prospectus, PDF page 52.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 71,218 | 3,998 | 5.61% | 0.84 |
| FY2023 | 81,344 | 4,350 | 5.35% | 0.92 |
| FY2024 | 84,822 | 6,736 | 7.94% | 1.42 |
| FY2025 | 93,113 | 7,225 | 7.76% | 1.53 |
Latest-FY revenue growth: +9.77%. PE at the IPO price: 16.34. Source: company prospectus (verified excerpts), PDF page 39.
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 -2.0% sits at P24 of its board · This IPO's since-listing of -24.0% sits at P32 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| UMC | 26 Jul 2022 | RM 0.32 | +37.5% | +9.4% | RM 119.7 M |
| CORAZA | 20 Jan 2022 | RM 0.28 | +130.4% | +87.5% | RM 119.9 M |
| RL | 15 Jul 2020 | RM 0.41 | +25.6% | -48.1% | RM 116.8 M |
| ICENTS | 17 Jul 2025 | RM 0.24 | +41.7% | +64.6% | RM 120.0 M |
| WTEC | 29 Apr 2025 | RM 0.25 | -6.0% | -36.0% | RM 120.0 M |
| INFOTEC | 13 Jul 2022 | RM 0.32 | -4.7% | +3.1% | RM 116.2 M |
| ECOMATE | 08 Nov 2021 | RM 0.33 | +47.0% | +434.4% | RM 115.5 M |
| MSB | 15 Apr 2025 | RM 0.20 | -15.0% | -57.5% | RM 122.0 M |
Audit
No audit published for this IPO.