SBS SBS Nexus
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.24
- Current price
- RM 0.115
- Day 1 open %
- +0.0%
- Day 1 close %
- -4.0%
- Since listing
- -54.0%
- Oversubscription
- 22.28x
- Market cap
- RM 122.5 M
- Offer size
- 171.5 M
- Enlarged shares
- 490 M
- Float
- 35%
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) | 24.5 M | 14.3% |
| Bumiputera / MITI | 61.25 M | 35.7% |
| Private placement | 68.6 M | 40.0% |
| New shares issued | 122.5 M | 71.4% |
| Offer for sale | 49 M | 28.6% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is a branding and marketing solutions specialist, principally involved in the provision of offline branding solutions ; and digital branding solutions, which core business activities are segmented as follows: (i) offline branding solutions comprising out -of-home media services, public relations and event management as well as offline publications; and (ii) digital branding solutions comprising online marketing services, digital broadcasts, video production, digital out -of-home media and online media, as well as mobile and web-based applications, and website development.
Source: company prospectus, PDF page 246.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated listing expenses | 4,500 | |
| Working capital | 5,035 | |
| Repayment of borrowings | 6,000 | |
| Business expansion | 7,250 | |
| Set-up of our new headquarters | 7,100 |
Source: company prospectus, PDF page 30.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 12,735 | 0.90 | ||
| FPE2025 | 21,760 | 1.30 | ||
| FYE2022 | 11,602 | 0.40 | ||
| FYE2023 | 19,946 | 1.50 | ||
| FYE2024 | 29,924 | 2.10 |
Latest-FY revenue growth: +50.03%. PE at the IPO price: 11.90. Source: company prospectus (verified excerpts), PDF page 239.
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 -4.0% sits at P21 of its board · This IPO's since-listing of -54.0% sits at P8 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 |
| MSB | 15 Apr 2025 | RM 0.20 | -15.0% | -57.5% | RM 122.0 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 |
| MMCS | 11 Jun 2026 | RM 0.22 | +2.3% | +54.5% | RM 124.7 M |
| ICENTS | 17 Jul 2025 | RM 0.24 | +41.7% | +64.6% | RM 120.0 M |
Audit
No audit published for this IPO.