Saturday, 19 October 2013

Berjaya Auto Berhad IPO


Company Name: Berjaya Auto Berhad
Main Business: Distribution and retailing of Mazda vehicles
Board: Main market
Stock Name: BJAUTO
Stock Code: 5248
IPO Price: RM 0.70
PAR: RM 0.50
Market Capital: 802,763,000 shares

Timetable for IPO
Date Description
18-10-2013 Open application
01-11-2013 Close application
08-11-2013 Ballot result
14-11-2013 Allotment shares
18-11-2013 Listing

Total shares issue: 82,763,000 units (10.31% of total share capital)
   a. 41,449,000 issue shares for Malaysian institutional and selected investors. (5.16% of total share capital)
   b. 10,157,000 issue shares for MITI bumi investors. (1.27% of total share capital)
   c. 19,157,000 issue shares for entitled sharesholders of BCorporation. (2.39% of total share capital)
   d. 12,000,000 issue shares for pink form allocation. (1.49% of total share capital)
* There is no any allocation shares for public Malaysian.

Financial summary:
FYE Apr 2010Apr 2011Apr 2012Apr 2013
Revenue (RM '000) 286,829 592,603 663,5811,064,349
Gross Profit (RM '000) 41,600 79,891 95,024139,050
PAT (RM '000) 14,145 36,146 40,68352,013
Basic EPS* (Cents) 2.0 5.0 5.77.1
Diluted EPS** (Cents) 1.7 4.3 4.86.0
* based on 720 mil shares.
** based on 842,901,150 shares (802,763,000 shares + 40,138,150 ESOS Options).

Utilisation of proceeds:
Purpose Total raised (RM mil)Total raised (%)
Working capital 41.7 72.0
Capex 7.5 12.9
Investment in Mazda Malaysia Sdn. Bhd. 4.5 7.8
Listing expenses 4.2 7.3
Total gross proceeds 57.9 100.0

Targeted dividend policy: 40%
Estimated DY: 3.42%

Detail info: BJAUTO IPO Prospectus

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