XPB
Key figures
- IPO price
- RM 0.20
- Day 1 open
- RM 0.215
- Day 1 close
- RM 0.225
- Current price
- RM 0.165
- Day 1 open %
- +7.5%
- Day 1 close %
- +12.5%
- Since listing
- -17.5%
- Oversubscription
- 13.55x
- Market cap
- RM 186.9 M
- Offer size
- 245.41 M
- Enlarged shares
- 934.45 M
- Float
- 26.26%
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) | 46.72 M | 19.0% |
| Bumiputera / MITI | 116.81 M | 47.6% |
| Private placement | 63.194 M | 25.8% |
| New shares issued | 180 M | 73.3% |
| Offer for sale | 65.41 M | 26.7% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is principally involved in the provision of generator rental services. As part of our business diversification strategy, we have expanded into offering solar PV solutions though this segment is still in the early stages of development.
Source: company prospectus, PDF page 46.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated listing expenses | 4,200 | |
| General working capital | 2,242 | |
| Repayment of bank borrowings | 5,000 | |
| Purchase of generators ( | 20,500 | |
| Purchase of medium and high voltage equipment ( | 4,058 |
Source: company prospectus, PDF page 104.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 11,813 | 2,487 | 21.05% | |
| FPE2025 | 12,860 | 2,911 | 22.64% | |
| FYE2021 | 19,341 | 5,658 | 29.25% | |
| FYE2022 | 31,412 | 7,494 | 23.86% | |
| FYE2023 | 39,424 | 9,887 | 25.08% | |
| FYE2024 | 70,167 | 16,596 | 23.65% |
Latest-FY revenue growth: +77.98%. Source: company prospectus (verified excerpts), PDF page 37.
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 +12.5% sits at P48 of its board · This IPO's since-listing of -17.5% sits at P36 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| KJTS | 26 Jan 2024 | RM 0.27 | +85.2% | +370.4% | RM 185.8 M |
| 3REN [NS] | 06 Nov 2024 | RM 0.28 | +41.1% | +48.2% | RM 182.0 M |
| ADB [NS] | 09 May 2023 | RM 0.33 | +127.3% | +115.1% | RM 181.7 M |
| UNIPAC | 14 Sep 2026 | RM 0.35 | -11.4% | -32.9% | RM 192.5 M |
| PTRB | 27 Sep 2022 | RM 0.36 | +2.8% | -20.8% | RM 192.6 M |
| NESTCON | 29 Jun 2021 | RM 0.28 | +14.3% | +12.5% | RM 180.3 M |
| SBH | 08 Apr 2024 | RM 0.22 | +15.9% | -13.6% | RM 195.4 M |
| ANEKA | 20 Oct 2020 | RM 0.33 | -12.1% | -60.6% | RM 177.6 M |
Audit
No audit published for this IPO.