POLYMER
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.25
- Current price
- RM 0.185
- Day 1 open %
- +0.0%
- Day 1 close %
- +0.0%
- Since listing
- -26.0%
- Oversubscription
- 48.74x
- Market cap
- RM 140.0 M
- Offer size
- 121.23 M
- Enlarged shares
- 560 M
- Float
- 21.65%
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) | 28 M | 23.1% |
| Private placement | 88.786 M | 73.2% |
| New shares issued | 97.15 M | 80.1% |
| Offer for sale | 24.08 M | 19.9% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our subsidiaries, we are principally involved in the manufacturing of plastic materials. Please refer to Section 6 of this Prospectus for further information on our business activities.
Source: company prospectus, PDF page 24.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 106,669 | 8,107 | 7.60% | 1.40 |
| FPE2025 | 106,626 | 6,519 | 6.11% | 1.20 |
| FYE2022 | 151,356 | 14,412 | 9.52% | 2.60 |
| FYE2023 | 132,844 | 8,925 | 6.72% | 1.60 |
| FYE2024 | 145,360 | 11,048 | 7.60% | 2.00 |
Latest-FY revenue growth: +9.42%. PE at the IPO price: 12.50. Source: company prospectus (verified excerpts), PDF page 36.
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 +0.0% sits at P29 of its board · This IPO's since-listing of -26.0% sits at P30 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| GOHUB | 03 Jul 2024 | RM 0.35 | +171.4% | +44.3% | RM 140.0 M |
| OHM | 28 May 2025 | RM 0.28 | +1.8% | +16.1% | RM 140.0 M |
| HPPHB | 20 Jan 2021 | RM 0.36 | +97.2% | -5.6% | RM 139.8 M |
| WESTRVR | 05 May 2025 | RM 0.39 | -5.1% | -47.4% | RM 139.5 M |
| FIBRO | 08 May 2025 | RM 0.55 | -10.0% | +18.2% | RM 136.6 M |
| DAY3 | 26 Jul 2023 | RM 0.30 | +108.3% | -43.3% | RM 144.0 M |
| SUNVIEW | 17 Oct 2022 | RM 0.29 | +58.6% | +31.0% | RM 135.7 M |
| WEGMANS | 06 Mar 2018 | RM 0.29 | +1.7% | -59.6% | RM 145.0 M |
Audit
No audit published for this IPO.