ICTZONE
Key figures
- IPO price
- RM 0.20
- Day 1 open
- RM 0.20
- Day 1 close
- RM 0.20
- Current price
- RM 0.16
- Day 1 open %
- +0.0%
- Day 1 close %
- +0.0%
- Since listing
- -20.0%
- Oversubscription
- 2.89x
- Market cap
- RM 159.1 M
- Offer size
- 154 M
- Enlarged shares
- 795.45 M
- Float
- 19.36%
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) | 39.77 M | 25.8% |
| Bumiputera / MITI | 99.43 M | 64.6% |
| Private placement | 10.6591 M | 6.9% |
| New shares issued | 133 M | 86.4% |
| Offer for sale | 21 M | 13.6% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
The principal activity of ICT Zone Asia is the investment holding of subsidiaries involved in the following business segments: (i) Technology financing solutions Technology financing solutions refer to a combination of technology solutions to provide ICT Solutions, and financing solutions to provide customers with access to these ICT Solutions over an agreed duration.
Source: company prospectus, PDF page 135.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Expansion of the technology financing solutions business | 21,000 | 79.0% |
| Sales and marketing expenditures | 1,500 | 5.6% |
| Estimated listing expenses for the Transfer of Listing | 4,100 | 15.4% |
Source: company prospectus, PDF page 52.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2023 | 91,100 | 4,901 | 5.38% | 0.74 |
| FPE2024 | 95,561 | 6,010 | 6.29% | 0.91 |
| FYE2022 | 52,033 | 4,283 | 8.23% | 0.65 |
| FYE2023 | 75,058 | 6,338 | 8.44% | 0.96 |
| FYE2024 | 114,428 | 7,342 | 6.42% | 1.11 |
Latest-FY revenue growth: +52.45%. PE at the IPO price: 18.02. Source: company prospectus (verified excerpts), PDF page 245, 246.
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 -20.0% sits at P35 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TTVHB | 18 Jan 2023 | RM 0.34 | +276.5% | -38.2% | RM 159.1 M |
| ECOGRP | 16 Oct 2026 | RM 0.16 | -15.6% | -15.6% | RM 160.0 M |
| SDCG | 19 Sep 2024 | RM 0.38 | +32.9% | +51.3% | RM 161.1 M |
| SLG | 06 Oct 2026 | RM 0.28 | -10.7% | -10.7% | RM 156.8 M |
| SINKUNG | 15 May 2024 | RM 0.13 | +7.7% | -19.2% | RM 156.0 M |
| KHJB [NS] | 08 Jul 2019 | RM 0.43 | -18.6% | -69.8% | RM 163.4 M |
| WELLS | 16 Jan 2023 | RM 0.23 | +87.0% | +191.3% | RM 163.8 M |
| ECOSYS | 14 Oct 2026 | RM 0.27 | +196.3% | +190.7% | RM 154.3 M |
Audit
No audit published for this IPO.