Monday, 21 October 2013

Caring Pharmacy Group Berhad IPO


Company Name: Caring Pharmacy Group Berhad
Main Business: Retailing of pharmaceutical, healthcare, and personal care products.
Board: Main market
Stock Name: CARING
Stock Code: 5245
IPO Price: RM 1.25
PAR: RM 1.00
Market Capital: 217,706,400 shares

Timetable for IPO
Date Description
18-10-2013 Open application
30-10-2013 Close application
01-11-2013 Ballot result
11-11-2013 Allotment shares
13-11-2013 Listing

Total shares offer: 35,000,000 units (16.08% of total share capital)
    a. 5,443,000 shares for Malaysian public (Bumi). (2.5% of total share capital)
    b. 5,443,000 shares for Malaysian public (Non-bumi). (2.5% of total share capital)
    c. 5,716,000 shares for eligible directors, eligible employees and shareholders of subsidiaries of the group. (2.63% of total share capital)
    d. 4,200,000 shares for MITI bumi investors. (1.93% of total share capital)
    e. 14,198,000 shares for private placement. (6.52% of total share capital)

Financial summary:
FYE May 2010May 2011May 2012May 2013
Revenue (RM '000) 170,566 206,501 248,284301,417
Gross Profit (RM '000) 45,706 56,240 64,13277,790
PAT (RM '000) 15,274 18,181 20,07122,322
Net EPS* (Cents) 6.22 7.56 8.399.44
* based on 217,706,400 shares.

Utilisation of proceeds:
Purpose Total raised (RM '000)Total raised (%)
New community pharmacy outlets 18,000 41.15
Repayment of bank borrowings 6,000 13.71
Renovation of new head office and warehouse 4,000 9.14
Working capital 11,750 26.86
Listing expenses 4,000 9.14
Total gross proceeds 43,750 100.0

Targeted dividend policy: 30%
Estimated DY: 2.26%

Detail info: CARING IPO Prospectus

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