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 2010	May 2011	May 2012	May 2013
Revenue (RM '000)	170,566	206,501	248,284	301,417
Gross Profit (RM '000)	45,706	56,240	64,132	77,790
PAT (RM '000)	15,274	18,181	20,071	22,322
Net EPS* (Cents)	6.22	7.56	8.39	9.44

* 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