SUM Sum Technology Berhad
Key figures
- IPO price
- RM 0.28
- Day 1 open
- RM 0.40
- Day 1 close
- RM 0.525
- Current price
- RM 0.76
- Day 1 open %
- +42.9%
- Day 1 close %
- +87.5%
- Since listing
- +171.4%
- Oversubscription
- 110.54x
- Market cap
- RM 126.0 M
- Float
- 26%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public (via balloting) | 22.5 M | 5% |
| Eligible Persons | 4.5 M | 1% |
| Private placement to selected investors | 33.75 M | 7.5% |
| Private placement to selected Bumiputera investors approved by MITI | 56.25 M | 12.5% |
Source: company prospectus, PDF page 40.
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is a turnkey solutions provider where we provide (i) design and build solutions for mission critical products, technologies and services for cleanrooms, controlled environments and MEPF utilities, (ii) manufacturing of MVAC products, and (iii) trading of MVAC products and solar PV panels.
Source: company prospectus, PDF page 31.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Business expansion | 5,580 | 17.0% |
| Establishment of office in the Philippines | 2,862 | 8.7% |
| Design and development activities | 2,500 | 7.6% |
| Working capital | 17,918 | 54.7% |
| Estimated listing expenses | 3,900 | 11.9% |
Source: company prospectus, PDF page 48.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 83,487 | 6,484 | 7.77% | 1.44 |
| FY2023 | 88,585 | 5,135 | 5.80% | 1.14 |
| FY2024 | 51,354 | 5,392 | 10.50% | 1.20 |
| FY2025 | 65,670 | 6,059 | 9.23% | 1.35 |
Latest-FY revenue growth: +27.88%. PE at the IPO price: 20.80. Source: company prospectus (verified excerpts), PDF page 44.
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 +87.5% sits at P86 of its board · This IPO's since-listing of +171.4% sits at P90 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| MMCS | 11 Jun 2026 | RM 0.22 | +2.3% | +54.5% | RM 124.7 M |
| AMBEST | 06 Feb 2026 | RM 0.25 | +38.0% | +190.0% | RM 127.5 M |
| EDELTEQ | 07 Jun 2023 | RM 0.24 | +204.2% | +68.8% | RM 127.8 M |
| 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 |
| 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 |