SUNLOGY
Key figures
- IPO price
- RM 0.30
- Day 1 open
- RM 0.305
- Day 1 close
- RM 0.30
- Current price
- RM 0.26
- Day 1 open %
- +1.7%
- Day 1 close %
- +0.0%
- Since listing
- -13.3%
- Oversubscription
- 60.13x
- Market cap
- RM 210.0 M
- Offer size
- 210 M
- Enlarged shares
- 700 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) | 35 M | 16.7% |
| Bumiputera / MITI | 87.5 M | 41.7% |
| Private placement | 70 M | 33.3% |
| New shares issued | 140 M | 66.7% |
| Offer for sale | 70 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group provides M&E engineering services for various types of properties such as industrial, commercial and residential as well as solar facilities. Our Group is principally involved in the following: (a) provision of electrical engineering services for electricity supply distribution systems; (b) provision of mechanical engineering services for building services; and (c) generation and sales of renewable energy.
Source: company prospectus, PDF page 167.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Development and construction of Selarong LSSPV Plant | 14,100 | 33.6% |
| Repayment of borrowings | 14,000 | 33.3% |
| General working capital | 9,180 | 21.9% |
| Purchase of ERP system | 720 | 1.7% |
| Estimated listing expenses | 4,000 | 9.5% |
Source: company prospectus, PDF page 39.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2021 | 54,887 | 383 | 0.70% | 0.07 |
| FYE2022 | 50,822 | 2,330 | 4.58% | 0.42 |
| FYE2023 | 136,727 | 11,835 | 8.66% | 2.11 |
| FYE2024 | 191,091 | 13,541 | 7.09% | 2.42 |
Latest-FY revenue growth: +39.76%. PE at the IPO price: 12.40. Source: company prospectus (verified excerpts), PDF page 39.
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 -13.3% sits at P43 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| A1AKK | 11 Jul 2025 | RM 0.25 | -2.0% | -8.0% | RM 210.0 M |
| EPB | 23 Aug 2024 | RM 0.56 | +10.7% | -28.6% | RM 208.3 M |
| TEAMSTR | 25 Feb 2026 | RM 0.26 | -9.6% | -13.5% | RM 208.0 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| PEKAT | 23 Jun 2021 | RM 0.32 | +154.7% | +378.1% | RM 206.4 M |
| OXB | 29 Jul 2025 | RM 0.29 | +32.8% | +10.3% | RM 205.9 M |
| SYNERGY | 01 Jun 2023 | RM 0.43 | -18.6% | -27.9% | RM 215.0 M |
| COLFORM | 10 Feb 2025 | RM 0.36 | +8.3% | -18.1% | RM 216.0 M |
Audit
No audit published for this IPO.