MSB
Key figures
- IPO price
- RM 0.20
- Day 1 open
- RM 0.17
- Day 1 close
- RM 0.17
- Current price
- RM 0.085
- Day 1 open %
- -15.0%
- Day 1 close %
- -15.0%
- Since listing
- -57.5%
- Oversubscription
- 6.46x
- Market cap
- RM 122.0 M
- Offer size
- 207 M
- Enlarged shares
- 610 M
- Float
- 33.93%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| public investors | 15.25 M | |
| Bumiputera public investors | 15.25 M | |
| Eligible Persons under the Pink Form Allocations | 6.1 M | 1% |
| private placement to Bumiputera investors approved by MITI | 76.25 M | 12.5% |
| private placement to selected investors | 20.15 M | 3.3% |
| offer for sale | 74 M | 12.13% |
Source: company prospectus, PDF page 35, 36.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
We are an investment holding company. Through our subsidiaries, we are principally involved in the marketing, trading and distribution of aftermarket automotive parts and components as well as automotive lubricants and fluids.
Source: company prospectus, PDF page 105.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Reconstruction of a new factory cum warehouse | 4,974 | 18.7% |
| Purchase of new machinery and equipment | 6,005 | 22.6% |
| New in-house branded EV charger | 835 | 3.1% |
| Repayment of bank borrowings | 5,500 | 20.7% |
| General working capital requirements | 4,786 | 18.0% |
| Estimated listing expenses | 4,500 | 16.9% |
Source: company prospectus, PDF page 33.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2023 | 47,844 | 6,536 | 13.66% | 1.07 |
| FPE2024 | 51,098 | 7,540 | 14.76% | 1.24 |
| FYE2021 | 46,848 | 10,793 | 23.04% | 1.77 |
| FYE2022 | 63,470 | 18,882 | 29.75% | 3.10 |
| FYE2023 | 63,871 | 8,260 | 12.93% | 1.35 |
Latest-FY revenue growth: +0.63%. PE at the IPO price: 14.81. Source: company prospectus (verified excerpts), PDF page 33.
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 -15.0% sits at P8 of its board · This IPO's since-listing of -57.5% sits at P7 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TOPMIX | 23 Apr 2024 | RM 0.31 | +35.5% | +48.4% | RM 122.1 M |
| SBS | 20 Jan 2026 | RM 0.25 | -4.0% | -54.0% | RM 122.5 M |
| HEGROUP | 30 Jan 2024 | RM 0.28 | +16.1% | +10.7% | RM 123.2 M |
| KEEMING | 12 Feb 2026 | RM 0.38 | +129.0% | +563.2% | RM 123.5 M |
| ELSA | 16 Jun 2026 | RM 0.23 | +19.6% | -8.7% | RM 123.8 M |
| PENTECH | 15 Jun 2026 | RM 0.20 | +30.0% | +70.0% | RM 124.0 M |
| ICENTS | 17 Jul 2025 | RM 0.24 | +41.7% | +64.6% | RM 120.0 M |
| WTEC | 29 Apr 2025 | RM 0.25 | -6.0% | -36.0% | RM 120.0 M |
Audit
No audit published for this IPO.