Bison Consolidated Berhad IPO

IPO: Bison Consolidated Berhad
Listing: Main market
Price: RM1.10
Stock name: BISON

Open:         04 Mar 2016 
Close:        14 Mar 2016 
Ballot:        16 Mar 2016 
Allotment: 25 Mar 2016 
List:            29 Mar 2016 

Ranhill Holdings Berhad IPO

IPO: Ranhill Holdings Berhad
NAME: RANHILL
Price: RM 1.70
Market: Main

Last date: 29 Jan 2016
Ballot date: 03 Feb 2016
Allot date: 17 Feb 2016
List date: 18 Feb 2016

Ranhill intends to pay a minimum 70% of profit after tax as a dividend.

Ikhmas Jaya to invest RM32mil of IPO proceeds for new machinery

KUALA LUMPUR: Ikhmas Jaya Group Bhd plans to invest approximately RM32mil of its initial public offering (IPO) proceeds to purchase new construction equipment. 

Managing director Datuk Ang Cheng Siong said on Tuesday the investment would help the company leverage on many opportunities within the piling and construction industry. 

"Being listed will provide the company with a stronger platform to enhance our business and build a stronger corporate identity," he said at the company's prospectus launch. 

Ikhmas Jaya plans to invest about RM32mil of its IPO entails a public issue of 182 million shares of 25 sen each. The company intends to list on the Main Market of Bursa Malaysia on July 27. 

AmInvestment Bank is the adviser, sponsor, underwriter and placement agent for the IPO. 

Since its establishment in 1992, the company has completed projects for both the public and private sectors with a total contract value of RM1.7bil. 

Among its projects include the Putra and Prai bridges, Klang Valley Mass Rapid Transit-Kajang line, Kelana Jaya Light Rail Transit extension, Paradigm Mall and KL Eco City.

Source: TheStar

Logistics based Xin Hwa to raise RM26.45m from IPO

KUALA LUMPUR: Integrated logistics service provider Xin Hwa Holdings Bhd plans to raise RM26.45mil from its proposed listing on the Main Market of Bursa Malaysia Securities.

The Johor-based company said on Thursday the initial public offer (IPO) comprised of 54 million shares at an issue price of 70 sen per share -- 37.78 million new shares and 16.22 million existing shares.

Under the listing exercise, it would be selling nine million shares to the public, three million units for eligible directors, employees and other persons who have contributed to the success of the company.

Xin Hwa said 18.22 million shares would be offered to approved Bumiputera investors while the remaining 23.78 million shares would be placed out to selected investors.

Based on the issue price of 70 sen per share and the enlarged issued and paid-up of 180 million shares, it would have a market capitalisation of RM126mil.

It said of the RM26.45mil to be raised from the IPO, it plans to use RM11.35mil to expand its fleet and RM4.75 to build a new warehouse, RM3.75mil to repay borrowings, RM3.08mil as working capital and the remaining RM3.51 for estimated listing expenses.

Xin Hwa managing director Ng Aik Chuan said at the launch of the prospectus that its strong fundamentals would put it in good stead.

He said the proceeds raised would be mainly used to expand its business which included the construction of a new warehouse in Pasir Gudang, Johor measuring 220,000 sq. ft. and to buy 101 new vehicles such as prime movers and trailers.

Ng said the new warehouse was expected to start operations in the third quarter of 2015 while the purchase of vehicles would be over the next 24 months.

“Xin Hwa would continue to capitalise on its strengths to generate sustainable revenue from its existing business,” he added.

Source: http://www.thestar.com.my/Business/Business-News/2015/06/11/Logistics-based-Xin-Hwa-to-raise-from-IPO/?style=biz

Mobile sharing-based Sedania to raise RM19.5m from IPO

KUALA LUMPUR: Telecommunications and IT business-based Sedania Innovator Bhd plans to raise RM19.55mil from its proposed listing on the Ace Market of Bursa Malaysia Securities Bhd.

In its prospectus issued on Tuesday, it announced it was selling 51.46 million new shares at an offer price of 38 sen each.

Sedania is offering for sale nine million shares to the public while one million units would be offered to the directors and entitled employees while the bulk of 41.46 million shares would be placed out.

Of the RM19.6mil, RM6.8mil will be for working capital, RM4.1mil for marketing expenses, RM4mil for capital expenditure, RM2.5mil for research and development and RM2.2mil for listing expenses.

Managing director Datuk Azrin Mohd Noor said he intends to list the company on the ACE Market on June 29.

The company provides airtime sharing solutions, including transfer that allows prepaid and/or post-paid mobile subscribers to transfer airtime credit to other prepaid subscribers on the same telecommunications network through SMS.

It also provides the airtime sharing request, which enables prepaid mobile subscribers with low or zero credits to request airtime credit other prepaid or post-paid subscribers on the same telecommunications network through SMS. It also offers SMS broadcast, mobile billing, mobile content, Islamic content, and web portal services.

In July 2014, it acquired IDOTTV Sdn Bhd which is an aggregator (platform and service enabler) specialising in providing ancillary services to mobile subscribers by partnering services providers such as mobile network operators (MNOs) and utility companies for their infrastructure and gateway.

Its ATS platform used the MNOs infrastructure and gateway to offer customises solutions to the MNO subscribers.

Source: http://www.thestar.com.my/Business/Business-News/2015/06/09/Mobile-sharing-based-Sedania-to-raise-RM19m-from-IPO/?style=biz

Kanger IPO Ballot Results

Bumi category

Public category

KANGER INTERNATIONAL BERHAD IPO

Company Name: Kanger International Berhad
Main Business: An integrated manufacturer of bamboo products
Board: Ace market
Stock Name: KANGER
IPO Price: RM 0.25
PAR: RM 0.10
Market Capital: 430 mil shares

Timetable for IPO

Date	Description
06-12-2013	Open application
13-12-2013	Close application
16-12-2013	Ballot result
20-12-2013	Allotment shares
23-12-2013	Listing

Total shares offer: 80,000,000 units (18.6% of total share capital)
1. Total public issue shares: 11,000,000 units. (2.55% of total share capital)
    a. 5,500,000 offer shares for Malaysian public. (1.275% of total share capital)
    b. 5,500,000 issue shares for bumi investors. (1.275% of total share capital)
2. Total private placement shares: 69,000,000 units. (16.05% of total share capital)

Financial summary:

FYE	FYE 2010	FYE 2011	FYE 2012	Jun 2012	Jun 2013
Revenue (RM '000)	24,836	23,411	38,556	20,183	21,378
Gross Profit (RM '000)	2,366	4,924	10,973	3,938	4,294
PAT (RM '000)	969	2,281	6,393	2,124	2,517
Net EPS* (sen)	0.28	0.65	1.82	0.61	1.44
Diluted EPS** (sen)	0.22	0.53	1.48	0.49	1.17

* based on 350 mil shares of RM 0.10.
**based on 430 mil shares of RM 0.10.

Utilisation of proceeds:

Purpose	Total raised (RM '000)	Total raised (%)
Capex	1,000	5.0
R&D	2,000	10.0
Repayment of bank borrowings	5,500	27.5
Working capital	8,200	41.0
Listing expenses	3,300	16.5
Total gross proceeds	20,000	100.0

Targeted dividend policy: 20%
Estimated DY: 1.88%

Detail info: Kanger International Berhad IPO Prospectus

Titijaya IPO Ballot Result

TITIJAYA LAND BERHAD IPO

Company Name: Titijaya Land Berhad
Main Business: Properties development
Board: Main market
Stock Name: TITIJYA
IPO Price: RM 1.50
PAR: RM 0.50
Market Capital: 340 mil shares

Timetable for IPO

Date	Description
11-11-2013	Open application
18-11-2013	Close application
20-11-2013	Ballot result
26-11-2013	Allotment shares
27-11-2013	Listing

Total shares offer: 131,205,000 units (38.59% of total share capital)
1. Total public issue shares: 81,705,000 units. (24.03% of total share capital)
    a. 17,000,000 offer shares for Malaysian public. (5% of total share capital)
    b. 6,000,000 issue shares for eligible directors, employees and persons who have contributed to the success of the group. (1.76% of total share capital)
    c. 34,000,000 issue shares for bumi investors approved by MITI. (10% of total share capital)
    d. 24,705,000 issue shares for private placement to selected investors. (7.27% of total share capital)
2. Total offer for sale shares: 49,500,000 units. (14.56% of total share capital)
    a. 49,500,000 shares for private placement to selected investors. (14.56% of total share capital)

Financial summary:

FYE	Jun 2009	Jun 2010	Jun 2011	Jun 2012	Jun 2013
Revenue (RM '000)	151,112	101,831	137,182	118,252	193,766
Gross Profit (RM '000)	24,822	29,386	43,682	46,602	93,375
PAT (RM '000)	13,413	27,196	22,524	34,140	52,196
Net EPS* (RM)	0.05	0.11	0.09	0.13	0.20
Diluted EPS** (RM)	0.05	0.09	0.08	0.12	0.18

* based on 258 mil shares of RM 0.50.
**based on 290 mil shares of RM 0.50.

Utilisation of proceeds:

Purpose	Total raised (RM '000)	Total raised (%)
Working capital	49,458	40.35
Repayment of bank borrowings	15,000	12.24
Repayment of advances from the previous shareholders of Europe Property	24,300	19.83
Purchase of land bank	30,000	24.48
Listing expenses	3,800	3.10
Total gross proceeds	122,558	100.00

Targeted dividend policy: 30%
Estimated DY: 3.6%

Detail info: Titijaya Land Berhad IPO Prospectus

Caring IPO Ballot Results

Bumi category

Public category

Source: https://www.equiniti.com.my/content/press_release/652_basisAllotment.pdf

For public portion, the chance is very slim.  The highest chance only 15%!  Good luck for those applied.

KAREX IPO ballot result

Bumi category

Public category

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

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 2010	Apr 2011	Apr 2012	Apr 2013
Revenue (RM '000)	286,829	592,603	663,581	1,064,349
Gross Profit (RM '000)	41,600	79,891	95,024	139,050
PAT (RM '000)	14,145	36,146	40,683	52,013
Basic EPS* (Cents)	2.0	5.0	5.7	7.1
Diluted EPS** (Cents)	1.7	4.3	4.8	6.0

* 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

UMWOG IPO Ballot Results

Below are the ballot summary.

Bumiputera Category

Public Category

The Final IPO Price is RM 2.80.

Stabilising action by Maybank which is up to an aggregate of 126,477,000 Shares.

Karex Berhad IPO

Company Name: Karex Berhad
Main Business: Rubber products manufacturer
Board: Main market
Stock Name: KAREX
IPO Price: RM 1.85
PAR: RM 0.25
Market Capital: 270 mil shares

Timetable for IPO

Date	Description
11-10-2013	Open application
23-10-2013	Close application
25-10-2013	Ballot result
04-11-2013	Allotment shares
06-11-2013	Listing

Total shares offer: 67,500,000 units (25% of total share capital)
1. Total institutional offering shares: 47,250,000 units. (17.5% of total share capital)
    a. 27,000,000 offer shares for institutional and selected investors in Malaysia, Singapore and Hong Kong. (10% of total share capital)
    b. 20,250,000 issue shares for institutional and selected investors in Malaysia, Singapore and Hong Kong. (7.5% of total share capital)
2. Total retail offering shares: 20,250,000 units. (7.5% of total share capital)
    a. 6,750,000 shares for eligible directors, employees, business associates and those have contributed to the company. (2.5% of total share capital)
    b. 6,750,000 shares for Malaysian public (Bumi). (2.5% of total share capital)
    c. 6,750,000 shares for Malaysian public (Non-Bumi). (2.5% of total share capital)

Financial summary:

FYE	Jun 2010	Jun 2011	Jun 2012	Jun 2013
Revenue (RM '000)	157,444	181,753	188,751	231,389
Gross Profit (RM '000)	40,129	24,884	32,865	59,917
PAT (RM '000)	16,529	6,988	12,016	29,028
Net EPS* (RM)	0.06	0.03	0.05	0.11

* based on 270 mil shares of RM 0.25.

Utilisation of proceeds:

Purpose	Total raised (RM '000)	Total raised (%)
R&D	4,000	5.3
Capex	41,750	55.7
Working capital	13,675	18.3
Repayment of bank borrowings	10,000	13.3
Listing expenses	5,500	7.4
Total gross proceeds	74,925	100.0

Targeted dividend policy: Nil
Estimated DY: Nil

Detail info: Karex IPO Prospectus

UMW Oil & Gas Corporation Berhad IPO

Company Name: UMW Oil & Gas Corporation Berhad
Main Business: Provider of drilling & oilfield services of the oil & gas industry
Board: Main market
Stock Name: UMWOG
IPO Price: RM 2.80
PAR: RM 0.50
Market Capital: 2.162 bil shares

Timetable for IPO

Date	Description
03-10-2013	Open application
14-10-2013	Close application
17-10-2013	Price determination
18-10-2013	Ballot result
30-10-2013	Allotment shares
01-11-2013	Listing

Total shares offer: 843,180,000 units (39% of total share capital)
1. Total institutional offering shares: 648,600,000 units. (30% of total share capital)
    a. 248,630,000 shares for MITI Bumiputera. (11.5% of total share capital)
    b. 399,970,000 shares for malaysian & foreign institutional and selected investors. (18.5% of total share capital)
2. Total retail offering shares: 194,580,000 units. (9% of total share capital)
    a. 151,340,000 shares for eligible directors and employees of the group, and those have contributed to the company. (7% of total share capital)
    b. 21,620,000 shares for Malaysian public (Bumi). (1% of total share capital)
    c. 21,620,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)

Financial summary:

FYE	Dec 2010	Dec 2011	Dec 2012	(6 Mths) Jun 2012	(6 Mths) Jun 2013
Revenue (RM mil)	348	550	724	383	325
Gross Profit (RM mil)	-41	102	83	57	96
PAT (RM mil)	-47	79	71	47	88
Net EPS* (Cents)	-3.13	5.05	4.65	2.99	5.67
Net EPS** (Cents)	-4.36	7.04	6.48	4.17	7.90

* based on 1.550 bil shares of RM 0.50.
** based on 2.162 bil shares of RM 0.50.

Targeted dividend policy: Nil
Estimated DY: Nil

WESTPORTS IPO

Company Name: Westports Holding Berhad
Main Business: Cargo servies
Board: Main market
Stock Name: WPRTS
IPO Price: RM 2.50
PAR: RM 0.10
Market Capital: 3.41 bil shares

Timetable for IPO

Date	Description
19-09-2013	Open application
27-09-2013	Close application
01-10-2013	Price determination
02-10-2013	Ballot result
16-10-2013	Allotment shares
18-10-2013	Listing

Total shares offer: 813,190,000 units
1. Total institutional offering shares: 710,890,000 units. (20.8% of total share capital)
    a. 392,150,000 shares for MITI Bumiputera. (11.5% of total share capital)
    b. 318,740,000 shares for malaysian & foreign institutional and selected investors. (9.3% of total share capital)
2. Total retail offering shares: 102,300,000 units. (3% of total share capital)
    a. 34,1000,000 shares for eligible directors and employees of the company, and those have contributed to the company. (1% of total share capital)
    b. 34,100,000 shares for Malaysian public (Bumi). (1% of total share capital)
    b. 34,100,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)

Financial summary:

FYE	Dec 2010	Dec 2011	Dec 2012	(6 Mths) Jun 2012	(6 Mths) Jun 2013
Revenue (RM mil)	998	1,387	1,492	629	750
Gross Profit (RM mil)	563	604	668	328	347
PAT (RM mil)	284	316	360	161	198
Net DPS* (RM)	1.10	2.60	1.70	0.90	1.50
Net EPS* (RM)	2.43	2.70	3.08	1.38	1.69
Net EPS** (Cents)	8.33	9.27	10.56	9.44	11.61

* based on 117 mil shares of RM 1.00.
** based on 3.41 bil shares of RM 0.10.

Targeted dividend policy: 75%
Estimated DY: 3.48%

Solid Automotive opens at 60 sen on Bursa Malaysia

KUALA LUMPUR: Solid Automotive Bhd opened at 60 sen, which was four sen above its offer price of 56 sen, when it was listed on the Main Market of Bursa Malaysia on Thursday.

At 9am, the FBM KLCI was up 9.28 points to 1,777.76. Turnover was 21.14 million shares valued at RM13.44mil. There were 100 gainers, nine losers and 53 counters unchanged.

Solid Automotive raised about RM19.81mil from its listing exercise which involved the public issue of 35.38 million new shares at 56 sen each.

The shares available for the Malaysian public subscription were oversubscribed by 9.8 times. The company said a total of 4,100 applications for 81.224m shares with a value of RM45.4m were received from the Malaysian public.

Solid Automotive’s subsidiaries Solid Corporation, Twinco, Auto Empire, JBS and Uni Point are involved in the trading and distribution of automotive parts and components as well as remanufacturing of automotive alternators and starters for the passenger and commercial vehicle segments in the automotive aftermarket in Malaysia and overseas.

 

Source: http://www.thestar.com.my/Business/Business-News/2013/09/12/Solid-Automotive-opens-at-60-sen-on-Bursa-Malaysia.aspx

Ranhill Energy and Resources Bhd IPO withdrawn

KUALA LUMPUR: Ranhill Energy and Resources Bhd's initial public offer has been withdrawn and the monies for the IPO would be refunded to all applicants and investors.

The company's principal adviser Maybank Investment Bank said on Friday the board had decided to withdraw the application for the IPO that was submitted to the Securities Commission on Jan 14.

"The board will ensure that all application/placement monies for the IPO will be refunded to all applicants/investors without interest in a timely manner," Maybank IB said.

The IPO had involved up to 407 million shares in conjunction with the listing of and quotation for the entire 961.70 million shares on the Main Market of Bursa Malaysia Securities Bhd.

Meanwhile, Ranhill Energy and Resources said the Securities Commission had vide its letter dated July 26 (Friday), taken note of the board's decision and has notified that its approval granted via its letter dated June 11, had therefore lapsed.

It said the SC required Ranhill and Maybank IB to ensure all application/placement monies received from the applicants/investors were duly refunded in a timely and orderly manner.

The company also said Petroliam Nasional Bhd (Petronas) had agreed to uplift the suspension of Perunding Ranhill Worley Sdn Bhd (PRW) and/or any persons connected to PRW (including any body corporate which is associated with PRW's shareholders and/or directors and Worley Parsons Ltd) for the upstream activities, effective from July 25.

PRW is an affiliate of Ranhill.

However, for downstream activities, the suspension of the relevant persons as set out in the letter from Petronas dated July 17, remained unchanged.

 

Source: http://www.thestar.com.my/Business/Business-News/2013/07/26/Ranhill-Energy-and-Resources-Bhd-IPO-cancelled.aspx

RANHILL IPO

Company Name: RANHILL ENERGY AND RESOURCES BERHAD
Main Business: Energy (i.e. oil & gas) and environment (i.e. water supply) sectors
Board: Main market
Stock Name: RANHILL
IPO Price: RM 1.85
PAR: RM 1.00
Market capital:  961 mil shares

Timetable for IPO

Date	Description
04-07-2013	Open application
11-07-2013	Close application
15-07-2013	Ballot result
29-07-2013	Allotment shares
31-07-2013	Listing

Total shares offer: 407 mil (42.3% of total market shares)
1. Total institutional offering shares: 328 mil
    a. 110 mil shares for MITI Bumiputera.
    b. 218 mil shares for malaysian & foreign institutional and selected investors.
2. Total retail offering shares: 78 mil
    a. 52.6 mil shares for eligible directors and employees of the company.
    b. 6.3 mil shares for those have contributed to the company.
    c. 9.6 mil shares for Malaysian public (non-bumi).  (1% of total market shares)
    d. 9.6 mil shares for Malaysian public (bumi).

Financial summary

FYE	Jun 2010	(18 Months) Dec 2011	Dec 2012
Revenue (RM mil)	1,346	2,454	1,985
Gross Profit (RM mil)	430	752	590
PAT (RM mil)	1,527	301	282
Diluted EPS (RM)	1.10	0.19	0.17

Dividend policy: 60% (from Year end 31 Dec 2014)
Currently, proposed 50% - 70% payout ratio.