OGM One Gasmaster Holdings
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.235
- Day 1 close
- RM 0.20
- Current price
- RM 0.145
- Day 1 open %
- -6.0%
- Day 1 close %
- -20.0%
- Since listing
- -42.0%
- Oversubscription
- 25.24x
- Market cap
- RM 77.5 M
- Offer size
- 93 M
- Enlarged shares
- 310 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) | 15.5 M | 16.7% |
| Bumiputera / MITI | 38.75 M | 41.7% |
| Private placement | 35.65 M | 38.3% |
| New shares issued | 77.5 M | 83.3% |
| Offer for sale | 15.5 M | 16.7% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our Subsidiary, we primarily provide environmental monitoring, gas detection and gas piping and industrial hygiene services. We also provide maintenance and calibration services through our ISO/IEC 17025 certified calibration laboratory, ensuring accurate and reliable system performance. Additionally, we trade products, including instruments, parts and components.
Source: company prospectus, PDF page 27.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Business expansion | 3,760 | 19.4% |
| Capital expenditure for setting up new calibration laboratory | 1,678 | 8.7% |
| Setting up branch offices and calibration laboratories in Johor, Terengganu and Penang | 4,886 | 25.2% |
| Working capital for current operations | 5,051 | 26.1% |
| Estimated listing expenses | 4,000 | 20.6% |
Source: company prospectus, PDF page 45.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2025 | 23,764 | 1,417 | 5.96% | 2.83 |
| FYE2022 | 22,872 | 2,735 | 11.96% | 5.47 |
| FYE2023 | 31,011 | 4,069 | 13.12% | 8.14 |
| FYE2024 | 38,005 | 5,563 | 14.64% | 11.13 |
Latest-FY revenue growth: +22.55%. PE at the IPO price: 2.25. Source: company prospectus (verified excerpts), PDF page 154.
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 -20.0% sits at P3 of its board · This IPO's since-listing of -42.0% sits at P17 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| GLXT | 15 Aug 2023 | RM 0.19 | +34.2% | +15.8% | RM 77.3 M |
| GOLDLI | 18 May 2026 | RM 0.13 | -19.2% | -34.6% | RM 78.0 M |
| ORGABIO | 05 Jul 2022 | RM 0.31 | +9.7% | +0.0% | RM 76.8 M |
| ENEST | 15 Jul 2026 | RM 0.13 | -19.2% | -34.6% | RM 75.6 M |
| ECKEM | 03 Jul 2026 | RM 0.12 | +0.0% | -25.0% | RM 75.0 M |
| KHB [NS] | 08 Oct 2024 | RM 0.20 | +7.5% | -45.0% | RM 80.5 M |
| OPTIMAX | 18 Aug 2020 | RM 0.30 | +126.7% | +280.0% | RM 81.0 M |
| MBN [NS] | 25 Jul 2023 | RM 0.21 | +28.6% | -54.8% | RM 81.1 M |
Audit
No audit published for this IPO.