HSSBAKERY HSS Holdings Berhad
Key figures
- IPO price
- RM 0.18
- Day 1 open
- RM 0.18
- Day 1 close
- RM 0.18
- Current price
- RM 0.13
- Day 1 open %
- +0.0%
- Day 1 close %
- +0.0%
- Since listing
- -27.8%
- Oversubscription
- 10.56x
- Market cap
- RM 90.0 M
- Float
- 25.5%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public | 25 M | 5% |
| Pink Form Allocations | 10 M | 2% |
| Private placement to MITI approved Bumiputera investors | 10 M | 2% |
| Private placement to MITI approved Bumiputera investors | 52.5 M | 10.5% |
| Private placement to selected investors | 30 M | 6% |
Source: company prospectus, PDF page 23.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our principal activity is as an investment holding company. Through our subsidiaries, we are principally involved in the sourcing of bakery products , trading of bakery and other products and manufacturing of bakery products.
Source: company prospectus, PDF page 24.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Capital expenditure for Manufacturing Facility 1 | 1,108 | 8.2% |
| Capital expenditure for Manufacturing Facility 2 | 1,461 | 10.8% |
| Repayment of borrowings | 4,500 | 33.4% |
| Working capital | 2,931 | 21.7% |
| Estimated listing expenses | 3,500 | 25.9% |
Source: company prospectus, PDF page 45.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 126,948 | 6,439 | 5.07% | 1.50 |
| FY2023 | 132,226 | 5,464 | 4.13% | 1.30 |
| FY2024 | 160,221 | 7,800 | 4.87% | 1.80 |
| FY2025 | 144,442 | 8,472 | 5.87% | 2.00 |
Latest-FY revenue growth: -9.85%. PE at the IPO price: 9.00. Source: company prospectus (verified excerpts), PDF page 59.
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 +0.0% sits at P29 of its board · This IPO's since-listing of -27.8% sits at P28 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| MINOX | 17 Oct 2023 | RM 0.25 | +48.0% | -28.6% | RM 90.0 M |
| SEMICO | 13 Jan 2026 | RM 0.25 | +50.0% | +150.0% | RM 90.0 M |
| COSMOS [NS] | 06 Oct 2022 | RM 0.35 | +60.0% | -17.1% | RM 89.8 M |
| SRKKAI | 09 Jul 2026 | RM 0.32 | +90.6% | +37.5% | RM 90.9 M |
| ASM | 02 Jul 2025 | RM 0.17 | -2.9% | -17.6% | RM 90.9 M |
| EFRAME | 27 Oct 2020 | RM 0.28 | +32.1% | +57.8% | RM 91.0 M |
| LIFTECH | 30 Jun 2026 | RM 0.29 | -17.2% | -39.7% | RM 91.3 M |
| BUSCAP | 03 Jun 2026 | RM 0.23 | +37.0% | +369.6% | RM 88.2 M |
Audit
No audit published for this IPO.