MMCS MM Computer Systems Berhad
Key figures
- IPO price
- RM 0.22
- Day 1 open
- RM 0.22
- Day 1 close
- RM 0.225
- Current price
- RM 0.34
- Day 1 open %
- +0.0%
- Day 1 close %
- +2.3%
- Since listing
- +54.5%
- Oversubscription
- 42.12x
- Market cap
- RM 124.7 M
- Float
- 29.34%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public | 28.35 M | 5% |
| Eligible Persons | 28.35 M | 5% |
| Private placement to selected investors | 38.7695 M | 6.84% |
| Private placement to selected Bumiputera investors | 23.5305 M | 4.15% |
| Private placement to selected Bumiputera investors approved by the MITI | 47.3445 M | 8.35% |
Source: company prospectus, PDF page 27.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are an IT solutions provider based in Malaysia. We are principally involved in the design, implementation and configuration of IT solutions, provision of IT outsourcing services, as well as sales and leasing of IT hardware and software.
Source: company prospectus, PDF page 110.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Procurement of IT hardware and software | 16,930 | 64.7% |
| Workforce expansion and capability development | 3,100 | 11.8% |
| Repayment of bank borrowing | 1,500 | 5.7% |
| Estimated listing expenses | 4,650 | 17.8% |
Source: company prospectus, PDF page 34.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 76,378 | 2,758 | 3.61% | 0.49 |
| FY2023 | 56,838 | 3,594 | 6.32% | 0.63 |
| FY2024 | 73,712 | 8,686 | 11.78% | 1.53 |
| FY2025 | 98,682 | 10,121 | 10.26% | 1.79 |
Latest-FY revenue growth: +33.88%. PE at the IPO price: 12.29. Source: company prospectus (verified excerpts), PDF page 227, 228.
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 +2.3% sits at P34 of its board · This IPO's since-listing of +54.5% sits at P75 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| PENTECH | 15 Jun 2026 | RM 0.20 | +30.0% | +70.0% | RM 124.0 M |
| ELSA | 16 Jun 2026 | RM 0.23 | +19.6% | -8.7% | RM 123.8 M |
| KEEMING | 12 Feb 2026 | RM 0.38 | +129.0% | +563.2% | RM 123.5 M |
| SUM | 18 Jun 2026 | RM 0.28 | +87.5% | +171.4% | RM 126.0 M |
| HEGROUP | 30 Jan 2024 | RM 0.28 | +16.1% | +10.7% | RM 123.2 M |
| SBS | 20 Jan 2026 | RM 0.25 | -4.0% | -54.0% | RM 122.5 M |
| TOPMIX | 23 Apr 2024 | RM 0.31 | +35.5% | +48.4% | RM 122.1 M |
| AMBEST | 06 Feb 2026 | RM 0.25 | +38.0% | +190.0% | RM 127.5 M |
Audit
No audit published for this IPO.