JSSOLAR
Key figures
- IPO price
- RM 0.31
- Day 1 open
- RM 0.40
- Day 1 close
- RM 0.40
- Current price
- RM 0.27
- Day 1 open %
- +29.0%
- Day 1 close %
- +29.0%
- Since listing
- -12.9%
- Oversubscription
- 48.32x
- Market cap
- RM 100.8 M
- Offer size
- 97.5 M
- Enlarged shares
- 325 M
- Float
- 30%
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) | 16.25 M | 16.7% |
| Private placement | 61.75 M | 63.3% |
| New shares issued | 78 M | 80.0% |
| Offer for sale | 19.5 M | 20.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is in the business of renewable energy solutions where we are principally involved in the provision of: (a) EPCC services for solar PV systems; (b) contracting services for solar PV systems; and (c) O&M services for solar PV systems.
Source: company prospectus, PDF page 4.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated listing expenses | 3,200 |
Source: company prospectus, PDF page 148.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2022 | 21,438 | |||
| FYE2023 | 70,270 | |||
| FYE2024 | 140,385 | |||
| FYE2025 | 186,534 |
Latest-FY revenue growth: +32.87%. Source: company prospectus (verified excerpts), PDF page 38.
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 +29.0% sits at P64 of its board · This IPO's since-listing of -12.9% sits at P44 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SAMAIDEN | 15 Oct 2020 | RM 0.48 | +67.7% | +409.4% | RM 100.8 M |
| RAMSSOL | 13 Jul 2021 | RM 0.45 | +13.3% | +122.0% | RM 100.4 M |
| TRIMODE | 14 May 2018 | RM 0.61 | -13.9% | -72.1% | RM 101.3 M |
| KGW | 01 Aug 2023 | RM 0.21 | +9.5% | -14.3% | RM 101.4 M |
| AGRICOR | 21 Jun 2024 | RM 0.50 | +75.0% | -12.0% | RM 101.4 M |
| WINSTAR | 19 Dec 2024 | RM 0.35 | +45.7% | +41.4% | RM 101.5 M |
| ADNEX | 17 Mar 2026 | RM 0.20 | +25.0% | +125.0% | RM 100.0 M |
| TECHSTORE | 18 Feb 2025 | RM 0.20 | +10.0% | +42.5% | RM 100.0 M |
Audit
No audit published for this IPO.