KOPI
Key figures
- IPO price
- RM 0.44
- Day 1 open
- RM 0.75
- Day 1 close
- RM 0.875
- Current price
- RM 1.25
- Day 1 open %
- +70.5%
- Day 1 close %
- +98.9%
- Since listing
- +184.1%
- Oversubscription
- 59.96x
- Market cap
- RM 880.0 M
- Offer size
- 418.1 M
- Enlarged shares
- 2000 M
- Float
- 20.91%
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) | 60 M | 14.4% |
| Bumiputera / MITI | 250 M | 59.8% |
| Private placement | 88.101 M | 21.1% |
| New shares issued | 418.1 M | 100.0% |
| Offer for sale | 0 M | 0.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our Subsidiaries, we are primarily involved in cafe chain operations as well as the distribution and retail of our brands packaged foods. Our cafe chain operates under the Oriental Kopi brand providing F&B services and in-store sales of our brands of packaged foods.
Source: company prospectus, PDF page 31.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Set up of new head office, central kitchen and warehouse | 53,685 | 29.2% |
| Expansion of cafes in various states within Malaysia | 36,400 | 19.8% |
| Expansion of our brands of packaged foods segment | 5,000 | 2.7% |
| Marketing activities in foreign countries | 5,500 | 3.0% |
| Working capital | 75,779 | 41.2% |
| Estimated listing expenses | 7,600 | 4.1% |
Source: company prospectus, PDF page 53.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2021 | 5,018 | |||
| FY2022 | 48,644 | 9,560 | 19.65% | 0.60 |
| FY2023 | 133,013 | 20,028 | 15.06% | 1.27 |
| FY2024 | 277,280 | 43,132 | 15.56% | 2.73 |
Latest-FY revenue growth: +108.46%. PE at the IPO price: 16.12. Source: company prospectus (verified excerpts), PDF page 136.
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 +98.9% sits at P88 of its board · This IPO's since-listing of +184.1% sits at P90 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| NATGATE | 12 Jan 2023 | RM 0.38 | +163.2% | +154.0% | RM 788.1 M |
| LSH | 21 Mar 2025 | RM 0.88 | -5.7% | +111.4% | RM 737.8 M |
| SAG | 05 Jun 2025 | RM 0.62 | +12.9% | +32.3% | RM 620.0 M |
| ELRIDGE | 22 Aug 2024 | RM 0.29 | +37.9% | +244.8% | RM 580.0 M |
| AQUAWALK | 19 Nov 2025 | RM 0.31 | +22.6% | +12.9% | RM 571.3 M |
| CBHB | 16 Jan 2025 | RM 0.28 | +19.6% | +50.0% | RM 526.6 M |
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| ALPHA [NS] | 22 Mar 2024 | RM 0.32 | +0.0% | -6.2% | RM 1.56 B |
Audit
No audit published for this IPO.