Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Fri, 5 May 2017, 07:02 PM

 

IPO - Inta Bina Group Berhad (INTA)

Author: kltrader   |  Publish date: Fri, 5 May 2017, 07:02 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.25

Dates:
Offer Period Open: 05 May 2017
Offer Period Close: 15 May 2017
Tentative listing date: 25 May 2017

Number of shares:
Public Issue: 107,051,800
Offer for Sale: 26,763,000
Private Placement: 87,038,800

Stock Code: INTA

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) PUBLIC ISSUE OF 107,051,800 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER:

- 26,763,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

- 20,013,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

- 53,526,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

- 6,749,800 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AND

(II) OFFER FOR SALE OF 26,763,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.25 PER SHARE,

PAYABLE IN FULL UPON APPLICATION.

Company Overview

Inta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. The company's line of business includes providing professional engineering services.

Inta Bina Group have completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. The company is capable of building various types of buildings including residential, commercial, industrial and leisure properties. The Group typically acts as the main contractor for our building construction projects.

 
Address & Contact:

Phone: +603 56379093
Fax: +603 56318596
Website: http://intabina.com/

 

News: Inta Bina to raise RM27m from IPO

KUALA LUMPUR: Construction firm Inta Bina Group Bhd, slated to list on the ACE market on May 25, aims to raise RM26.76 million from its initial public offering.

Managing Director Paul Lim said the company would use RM5 million of the proceeds to invest in the Industrialised Building System (IBS) and machinery, RM9 million to repay bank borrowings, RM9.56 million for general capital requirements, and the balance RM3.2 million to defray listing expenses.  

He said the group planned to enter the affordable housing segment through the usage of aluminium system formwork under the IBS.

"We believe that the usage of aluminium system formwork is best suited for affordable housing projects and will improve our cost competitiveness in the long run as it will reduce project labour cost and shorten the construction period," he after the launch of the group's prospectus in Kuala Lumpur on Friday. - Bernama
 

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Mingleeqi Couldn't see this IPO via M2U, why?
06/05/2017 12:19
Emir42 Yeah, already open for public. But why not in maybank2u?
06/05/2017 13:10
IVAN2222 HI EVERYONE!!!! WHY I COULDNT SUBSCRIBE THIS IPO IN MAYBANK ATM/ MAYBANK2U?
06/05/2017 20:55
IVAN2222 IS THAT BECAUSE OF MAYBANK HAVENT UPDATE YET?
06/05/2017 20:56
IVAN2222 ANYONE CAN LET ME KNOW WHY? TAHNK YOU IN ADVANCE
06/05/2017 20:56
IVAN2222 HI EVERYONE!!!! WHY I COULDNT SUBSCRIBE THIS IPO IN MAYBANK ATM/ MAYBANK2U?
07/05/2017 10:42
IVAN2222 HI EVERYONE!!!! WHY I COULDNT SUBSCRIBE THIS IPO IN MAYBANK ATM/ MAYBANK2U?
07/05/2017 10:43
Lee Rubber This IPO is now available on M2U.
08/05/2017 11:03
Lee Rubber What are the prospects?
Can anybody give some expert advice?
TQ kindly....
08/05/2017 11:04
Mingleeqi http://lchipo.blogspot.my/
08/05/2017 15:55
Adm Keong Buy - Buy . Then flying high.....
11/05/2017 13:13
franzie looks like its debt to equity ratio is quite substantial.. will it fly on the 1st day?
11/05/2017 18:41
nikicheong As Graham cautioned us long ago, steer clear of IPOs.
11/05/2017 22:17
Toto2009 How to check if we got the IPO offer?
22/05/2017 11:21

IPO - Cabnet Holdings Berhad (CABNET)

Author: kltrader   |  Publish date: Wed, 3 May 2017, 04:28 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM0.56

Dates:
Offer Period Open: 28 Apr 2017
Offer Period Close: 08 May 2017
Tentative listing date: 22 May 2017

Number of shares:
Public Issue: 11,000,000
Offer for Sale: -
Private Placement: 10,000,000

Stock Code: CABNET

 

Official Announcement

PUBLIC ISSUE OF 21,000,000 NEW ORDINARY SHARES IN CABNET HOLDINGS BERHAD ("CABNET SHARES") AT AN ISSUE PRICE OF RM0.56 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

  • 7,000,000 CABNET SHARES FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 10,000,000 CABNET SHARES FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS; AND
  • 4,000,000 CABNET SHARES FOR APPLICATION BY THE ELIGIBLE DIRECTORS, KEY MANAGEMENT PERSONNEL AND EMPLOYEES OF CABNET HOLDINGS BERHAD AND ITS SUBSIDIARY COMPANIES ("GROUP") AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP;

IN CONJUNCTION WITH THE LISTING OF CABNET HOLDINGS BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

 

Company Overview

CabNet Group is principally involved in the provision of building management solutions, where the core business segments comprise structured cabling works and ELV systems for building and other facilities. CabNet also provides IT services as complementary services to building management solutions or offered separately on a standalone basis as an additional product offering.

 
Address & Contact:

No. 100, Jalan Ros Merah 2/17, Taman Johor Jaya
81100 Johor Bahru, Johor, Malaysia.

Phone: +607 3539008
Fax: +607 3530146
Website: http://www.cabnet.asia/

 

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sl3ge Hello, no comment here?
21/05/2017 14:23

IPO - Eversafe Rubber Berhad (ESAFE)

Author: kltrader   |  Publish date: Fri, 31 Mar 2017, 11:17 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.36

Dates:
Offer Period Open: 31 Mar 2017
Offer Period Close: 10 Apr 2017
Tentative listing date: 21 Apr 2017

Number of shares:
Public Issue: 48,000,000
Offer for Sale: 30,000,000
Private Placement: 54,000,000

Stock Code: ESAFE

Official Announcement

INITIAL PUBLIC OFFERING OF UP TO 78,000,000 ORDINARY SHARES IN EVERSAFE RUBBER BERHAD ("EVERSAFE RUBBER") ("SHARES") COMPRISING:-

(A) PUBLIC ISSUE OF 48,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:-

(I) 12,500,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;

(II) 11,500,000 ISSUE SHARES TO THE DIRECTORS OF EVERSAFE RUBBER, ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF EVERSAFE RUBBER AND ITS SUBSIDIARIES;

(III) 24,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS; AND

(B) OFFER FOR SALE OF UP TO 30,000,000 EXISTING SHARES ("OFFER SHARES") COMPRISING:-

(I) UP TO 6,000,000 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS;

(II) UP TO 24,000,000 OFFER SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA;

AT AN ISSUE / OFFER PRICE OF RM0.36 PER SHARE PAYABLE IN FULL ON APPLICATION PURSUANT TO THE LISTING OF EVERSAFE RUBBER ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

Eversafe Rubber Berhad, an investment holding company, develops, manufactures, and distributes tire retreading materials to tire retreaders and rubber material traders in Malaysia. The company offers precured tread liners, cushion gums, repair ropes, camelbacks, sidewall veneers, and orbit read strips, as well as retreading tools. It is also involved in tire retreading operations and provision of products and services to fleet operators and tire retailers.
 
In addition, Eversafe Rubber Berhad imports, exports, and distributes rubber-based products, equipment, and related accessories. The company exports its products to 28 countries in Asia Pacific, Europe, the United States, and South America. Eversafe Rubber Berhad was founded in 1967 and is headquartered in Ipoh, Malaysia.
 
Address & Contact:

Lot 93, Portland Avenue, Tasek Industrial Estate,
31400 Ipoh, Perak, Malaysia

Phone: +605 291 0599 / 7535
Fax: +605 291 1699 / 0679
Website: http://www.eversafe.com.my/

 

News: Eversafe Rubber to raise RM17m from IPO

KUALA LUMPUR: Eversafe Rubber Bhd plans to raise RM17.28mil as it seeks to listing on the ACE Market of Bursa Malaysia Securities.

The rubber products maker said in its prospectus on Friday it would be selling 48 million news shares at 36 sen each.

This would comprise of 12.50 million new shares to public; 11.50 million shares to the directors while 24 million shares would be placed out to institutional and selected investors.

The shareholders of Eversafe Rubber would also offer for sale up to 30 million exisiting shares, of which six million units would be placed out to institutional  and selected investors and up to 24 million shares to be approved Bumiputera investors.

The close date for application is April 10 while the tentative date for its listing is April 21.

Eversafe Rubber's core businesses include manufacturing and ditribution of tyre retreading materials.

It posted earnings of RM566,143 in the fourth quarter ended Dec 31, 2016 on the back of a revenue of RM19.67mil.

In the financial year ended Dec 31, 2016, it posted earnings of RM8.01mil, an increase of 38% from the RM5.80mil in FY15. Its revenue was slightly lower at RM74.74mil in FY16 compared with RM74.78mil.
-- The Star

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john is this counter good?
01/04/2017 22:55
jayalbert New IPO, EWINT is a better bet..
01/04/2017 23:18
suregain Ewint beter bet? Beter u think twice.. Ecoworld px oso stagnant
01/04/2017 23:20
Er Boon Chai I agree with jayalbert. EWINT is a better bet, I believe their management team.
01/04/2017 23:25
cicaque hmmm
02/04/2017 09:51
ryong92 Ewint is a good bet. Let's see what will happen Tmr. I'm more excited on the warrant.
02/04/2017 13:10
Josephtc Don't think Eversafe is a good counter, tyre retreading is a sunset industry
02/04/2017 21:36
john pls dont buy this stock.. haha
02/04/2017 22:02
atubobo hello what will be the listed price for ewint warrant?
02/04/2017 23:26
john lol.. they have their blog for u to read..
02/04/2017 23:28
john go search it.. :P
02/04/2017 23:28
zzas EWINT good but price overvalue.Esafe is a safer bet."tyre retreating is a sunset industry"?..really?..look at how much is the cost of tyre now. Company opt to retreat tyre for cost saving...i mean huge cost saving.
02/04/2017 23:29
john dont promote more. so that so ppl only buy it.
02/04/2017 23:59
john less ppl*
03/04/2017 00:00
Josephtc Eversafe is trying their luck in the ACE market as there are many tyre retread companies in Malaysia like Kit Loong Tyre, Nam Bee, Sunrich tyre, Bridgestone Bandag tyre retreads and many other backyard retreads. What about tyre retreads from China? The IPO price is mere RM0.36, a tough industry and investors need to be more prudent. When I say sunset industry, is there is not much potential for growth as there are already many big players in the market.
05/04/2017 14:48
omightycap You can see our post on Eversafe here
https://omightycap.wordpress.com/2017/04/07/ipo-eversafe-rubber/

We recommend to buy with good valuations but sort of dislike the industry...
07/04/2017 15:34
sl3ge Any Tp from investment banks?
08/04/2017 12:43
Josephtc http://www.freemalaysiatoday.com/category/nation/2017/04/08/using-retread-tyres-poses-danger-to-road-users/
08/04/2017 19:10
bgt9963 The company reminds me of Autoways berhad....
08/04/2017 20:55
sl3ge @bgt9963 what story behind autoways berhad?
09/04/2017 11:20
bgt9963 Goreng and then disappeared from klse...
09/04/2017 12:20
Farmer95 bgt9963 thanks for sharing
12/04/2017 18:39
stockmanmy highest probability outcome.

bgt9963 Goreng and then disappeared from klse...
15/04/2017 07:08
speakup http://www.thestar.com.my/news/nation/2017/04/17/danger-of-retreaded-tyres-call-for-clampdown-on-shady-retreaders-to-curb-accidents/

govt clampdown on retreaders. Eversafe is not safe, look like going to LIMIT DOWN ON IPO DAY!!!!
17/04/2017 10:02
DamierCobalt Not bad on 1st day
21/04/2017 14:45

IPO - Eco World International Berhad (EWINT)

Author: kltrader   |  Publish date: Fri, 10 Mar 2017, 11:33 AM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.20

Dates:
Offer Period Open: 9 Mar 2017
Offer Period Close: 20 Mar 2017
Tentative listing date: 3 Apr 2017

Number of shares:
Public Issue: 2,153,459,200
Offer for Sale: -
Private Placement: -

Stock Code: EWINT

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF UP TO 2,153,459,200 NEW ORDINARY SHARES IN ECO WORLD INTERNATIONAL BERHAD ("EWI") ("SHARES") ("IPO SHARES") COMPRISING:

(I) INSTITUTIONAL OFFERING OF UP TO 449,459,200 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE");

(II) RETAIL OFFERING OF 408,000,000 IPO SHARES TO:

(A) THE DIRECTORS AND ELIGIBLE EMPLOYEES OF EWI AND ITS SUBSIDIARIES AND JOINT VENTURES ("EWI GROUP");

(B) THE DIRECTORS OF ECO WORLD DEVELOPMENT GROUP BERHAD ("EW BERHAD") AND THE ELIGIBLE EMPLOYEES OF EW BERHAD AND ITS SUBSIDIARIES WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE EWI GROUP;

(C) THE ENTITLED SHAREHOLDERS OF EW BERHAD; AND

(D) THE MALAYSIAN PUBLIC,

AT THE RETAIL PRICE OF RM1.20 PER IPO SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IF THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE;

(III) ALLOCATION TO EW BERHAD, THROUGH ITS NOMINATED WHOLLY-OWNED SUBSIDIARY, NAMELY ECO WORLD CAPITAL (INTERNATIONAL) SDN BHD, OF SUCH NUMBER OF IPO SHARES, REPRESENTING 27.0% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AT THE INSTITUTIONAL PRICE; AND

(IV) ALLOCATION TO GUOCOLAND LIMITED, THROUGH ITS NOMINATED INDIRECT WHOLLY-OWNED SUBSIDIARY, NAMELY GLL EWI (HK) LIMITED, OF SUCH NUMBER OF IPO SHARES, REPRESENTING 27.0% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AT THE INSTITUTIONAL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS.

THE FINAL RETAIL PRICE WILL EQUAL TO THE LOWER OF (I) THE RETAIL PRICE OF RM1.20 PER IPO SHARE; OR (II) THE INSTITUTIONAL PRICE; AND BONUS ISSUE OF TWO FREE WARRANTS IN EWI ("WARRANTS") FOR EVERY FIVE EWI SHARES HELD AFTER THE IPO, IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AND THE WARRANTS ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

 

Company Overview

Eco World International Berhad develops real estate properties in the United Kingdom and Australia. It develops residential, commercial, and retail properties. The company was incorporated in 2013 and is based in Kuala Lumpur, Malaysia. Eco World International Berhad is a subsidiary of Eco World Development Group Berhad.
 
Address & Contact:

The Gardens North Tower, Suite 3A. 01, Level 3A
Mid Valley City, Lingkaran Syed Putra
Kuala Lumpur,  59200 Malaysia

Phone: +603 2287 2255
Fax: +603 2287 5255
Website: http://ecoworld.my/

 

News: Eco World International to Raise About RM2.58b From IPO

KUALA LUMPUR: Eco World International Bhd (EWI), which is the largest initial public offer (IPO) this year, expected to raise about RM2.584bil from the issuance of 2.153 billion news shares.

The prospectus issued on Thursday showed that the retail offering is RM1.20 a share while the bulk of the shares offered to insitutions at the institutional offering would be decided via a book-building as it seeks a listing on the Main Market of Bursa Malaysia.

The  2.153 billion new shares would comprise an institutional offering of up to 449.459 million shares to Malaysian and foreign institutional and selected investors at the institutional price to be determined by bookbuilding.

It said the retail offering of 408 million shares would be offered to the directors and eligible employees of EWI and its subsidiaries and joint ventures, directors of Eco World Development Group Bhd (EW Bhd) and the eligible employees of EW Bhd and its subsidiaries; entitled shareholders of EW Bhd and the Malaysian public, at the retail price of RM1.20 per IPO share.

“The final retail price will equal to the lower of the retail price of RM1.20 per IPO share; or the institutional price; and bonus issue of two free warrants in EWI (warrants) for every five EWI shares held after the IPO,” it said.

EWI said that out of the RM2.584bil to be raised from the IPO, a total of RM1.367bil or 52.9% would be used to repay bank borrowings and repayment of advances. Another RM1.126bil or 43.6% would be used for working capital and/or future land acquisitions.

EWI would also issue up to 960 million warrants and assuming all the warrants are converted into shares at the exercise price of RM11.45, this would enable it to raise RM1.39bil.

EWI recently signed three key agreements as part of its IPO process.

The first was a share subscription agreement with GuocoLand Limited for a strategic 27% stake in EWI’s enlarged issued and paid-up share capital.

Secondly, it signed a retail underwriting agreement with the six banks to fully underwrite the retail offering.

Thirdly, it signed cornerstone placement agreements with the Employees Provident Fund Board, Permodalan Nasional Berhad and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) , which have agreed to subscribe for 212,400,000 Shares in the aggregate.

President and CEO of EWI, Datuk Teow Leong Seng said: “We are pleased with the interest shown by the cornerstone Investors and we look forward to the opening of the retail offering and the institutional offering today.”
 
The retail offering of 408 million IPO shares is fully underwritten by CIMB Investment Bank Bhd (CIMB), Maybank Investment Bank Bhd (Maybank) and Hong Leong Investment Bank Bhd, as joint managing underwriters and joint underwriters, and Alliance Investment Bank Bhd, AmInvestment Bank Bhd and RHB Investment Bank Bhd, as joint underwriters.

EWI said the projects being undertaken now include three sites in the UK. Through its joint-venture company, EcoWorld-Ballymore, EWI is developing three waterside residential projects in the east and west of London: Embassy Gardens in Nine Elms, London City Island in Leamouth Peninsula, East London, and Wardian London in Canary Wharf.

EWI is also developing a project in Australia called West Village in Parramatta – a suburb and major business district in the metropolitan area of Sydney.

Based on valuation reports prepared by Jones Lang LaSalle and m3property, the total estimated gross development value for all four projects is about RM12.96bil.
 

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sctan from the author:
EWI would also issue up to 960 million warrants and assuming all the warrants are converted into shares at the exercise price of RM11.45, this would enable it to raise RM1.39bil.
Exercise price is RM1.45 or RM11.45? Based on RM1.39bil, it should be RM1.45.
12/03/2017 08:43
Kay Looks interesting
15/03/2017 11:33
Loy88 anyone bought this IPO? whats ur opinion on this? how brexit will impact on this share?
15/03/2017 11:36
15/03/2017 18:40
Junkuan Buy
17/03/2017 22:45
azdrichwork2002 Can try
18/03/2017 20:58
walaoehkaki buy buy buy
19/03/2017 01:38
JediMaster Balloting is today...hope for the best
22/03/2017 14:07
Desmond Loh When can we know the balloting result??
22/03/2017 22:25
Loy88 4th in bursa..nornally 1 day before
22/03/2017 23:16
Pipspiper I think I got the IPO. Am planning to buy 2 more lots to get the 2 free warrants.
24/03/2017 19:36
Ray Mond how to know we get the IPO?
25/03/2017 12:36
Adlina Aish Oredy successful 2 lots.... ☺☺☺
25/03/2017 15:31
keepeng When will they inform us if successful in getting EWI shares ?
25/03/2017 16:17
MissElizaClarke what is the open price ? guess ? Hmmmmm
26/03/2017 10:31
mybo U can check the status via maybank2u.. if refunded already received the payment
26/03/2017 10:37
Adlina Aish If apply thru on9, can check the status thru online banking. If apply thru manual Bankers chq, u can check the status with bank either paid or not
26/03/2017 21:24
kllady_fidah 1.40 immediate target ....
01/04/2017 18:47
Valueseeker This will impact on property stocks
01/04/2017 22:58
suregain Ewint shares merata rata tempat.. In d end like malakoff
01/04/2017 23:34
jayalbert Monday morning will sailang..
01/04/2017 23:39
keepeng I got 10k ahares n 4K warrants
02/04/2017 00:12
Joyce MY How do we know if we successfully bought? I applied it thru blue form banker cheque. I suppose the money already deducted when we apply the cheque. Then no share is deposit into my cds account too.
03/04/2017 00:05
john then u should get refund.
03/04/2017 00:39
Yee Siang Tan i dint buy EWINT but suddenly there are free unit popup in my hleborking account. what happened?
10/05/2017 01:43
hewusana Wow wrong..
13/05/2017 11:03

IPO - Serba Dinamik Holdings Berhad (SERBADK)

Author: kltrader   |  Publish date: Mon, 2 Jan 2017, 05:11 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.50
Par Value: RM 0.50

Dates:
Offer Period Open: 30 Dec 2016
Offer Period Close: 19 Jan 2017
Tentative listing date: 8 Feb 2017

Number of shares:
Public Issue: 271,400,000
Offer for Sale: 118,000,000
Private Placement: -

Stock Code: SERBADK

Official Announcement

INITIAL PUBLIC OFFERING (IPO) OF UP TO 389,400,000 ORDINARY SHARES OF RM0.50 EACH IN SERBA DINAMIK HOLDINGS BERHAD (SERBA DINAMIK HOLDINGS) (IPO SHARES) COMPRISING AN OFFER FOR SALE OF UP TO 118,000,000 EXISTING SHARES (OFFER SHARES) AND A PUBLIC ISSUE OF 271,400,000 NEW SHARES (ISSUE SHARES) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 1,335,000,000 ORDINARY SHARES OF RM0.50 EACH IN SERBA DINAMIK HOLDINGS (SHARES) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN THE FOLLOWING MANNER:

(A) INSTITUTIONAL OFFERING OF UP TO 341,300,000 IPO SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (INSTITUTIONAL PRICE); AND

(B) RETAIL OFFERING OF 48,100,000 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SERBA DINAMIK HOLDINGS AND ITS SUBSIDIARIES AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.50 PER SHARE (RETAIL PRICE), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION.

THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM1.50 PER ISSUE SHARE; AND (II) THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING.

Company Overview

Serba Dinamik Sdn Bhd provides integrated engineering, contracting, and maintenance services. The company also offers system integrator/packager, operation and maintenance, trading, training, and information technology services; and procurement, construction, and commissioning services. It serves customers worldwide. The company was founded in 1993 and is based in Shah Alam, Malaysia.
 
Address & Contact:

7-5, Pusat Dagangan UMNO Shah Alam
Lot 8, Persiaran Damai
Seksyen 11 Shah Alam, 40100 Selangor, Malaysia

Phone: +603 5511 3213
Fax: +603 5511 3212
Website: http://www.e-serbadk.com

 

News: Serba Dinamik listing to be biggest in 19 months

PETALING JAYA: Serba Dinamik Holdings Bhd’s plan of raising close to RM600mil from its initial public offering (IPO) comes at a time when there is a dearth of IPOs.

The energy services group’s listing on Feb 8 marks the country’s biggest listing in 19 months.

The largest Malaysian IPO this year was by Ranhill Holdings Bhd for RM386.8mil through a reverse takeover, according to Reuters data.

Malakoff Corp Bhd and Sunway Construction Group Bhd raised RM2.74bil and RM550mil, respectively, in May and July 2015.

Through its public issue, Serba Dinamik Holdings aims to raise total gross proceeds of RM407.1mil, of which about 73.69% of proceeds will be used for the expansion of the group’s business and operational facilities, and about 7.20% for working capital.

A further 14.74% of the proceeds will be utilised for repayment of bank borrowings/financing while the balance of 4.37% will be allocated to defray estimated listing expenses.

The company, which is issuing up to 389.4 million shares at an issue price of 50 sen each, is offering for sale up to 118 million existing shares and 271.4 million new shares.

Of this, 153.5 million will be allocated to bumiputra investors, 187.78 million to institutional investors and the remaining 48.1 million to retail investors.

RHB Investment Bank Bhd and Affin Hwang Investment Bank Bhd are the joint principal advisers, joint bookrunners and joint underwriters, while AmInvestment Bank Bhd and Kenanga Investment Bank Bhd are joint underwriters for the IPO.

RHB Investment Bank is also the managing underwriter for the listing exercise.

Serba Dinamik, which launched its prospectus yesterday, said in a statement that it had experienced rapid growth over the past three years, particularly in the Middle East, which contributed 47.3% to its total revenue in 2015.

“The downturn in oil prices over the period has also led to asset owners turning to companies like Serba Dinamik for cost-effective solutions, thus strengthening its revenue at a compounded annual growth rate of 61.8% from RM536.2mil in 2013 to RM1.41bil in 2015.”

In the same statement, group managing director and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah said the company had started to embark on its asset-ownership business model with its first compressed natural gas plant located in Muaro Jambi, Sumatra, Indonesia.

He said the company had two ongoing memorandums of understanding for the partnership agreement to develop small gas power plants and water utilities in East Kalimantan with the local government district development body.

The agreement will also involve the joint development and ownership of a small gas power plant in Muaro Jambi, Sumatra, Indonesia with a local government-owned power corporation.

“In addition, we are looking at opportunities to grow our business through investment and acquisition, but not limited to maintenance, repair and overhaul service providers and small hydropower generation companies that can potentially add value to our existing business operations.

“The successful investment and acquisition will potentially generate an incremental revenue stream for the group while enhancing our competitive advantages within the industry,” he added.
 

  moneyseeker likes this.
 
kuachi1337 Brent crude at $57 good indication for this stock. After OPEC and non-OPEC cut production this sure fly
09/01/2017 14:23
omightycap See our review on this stock in the link below...

https://omightycap.wordpress.com/2017/01/12/ipo-serba-dinamik-holdings/

We think its a good company but the operating conditions are not favorable
12/01/2017 09:58
JediMaster Anyone applying the IPO?
12/01/2017 19:33
damagpie I am applying. Oil and Gas stocks have good sentiment now. Should do well this IPO plus financials are good.
12/01/2017 19:45
azdrichwork2002 Good stock to invest
12/01/2017 21:25
JediMaster Not sure if i should apply the IPO....
15/01/2017 09:15
kuachi1337 Applied...better than KIP anyways
17/01/2017 10:40
Pavillion Mediocre or Potential bungkus.
17/01/2017 19:35
1288 applied too
18/01/2017 15:36
kuachi1337 Public IB target price RM2.05. Hope can get good allocation
19/01/2017 11:43
Pavillion Lot of Institutions do not want to subscribe to another O & G stocks.They had enough and still stuck with pre 2015 price. They do not have mandate to invest in this sectors....they can't have too big exposure in one particular sector. I think will have hard time to push... plus too big issuing...for now.
19/01/2017 12:33
moneyseeker Heard that KIP is only oversubscribed by 5x? I applied to Serba I think more worth while from long term perspective. Maintenance services market could be relatively more stable/less volatile compared with property market
19/01/2017 12:44
hhc8 Fair Value:
1. RM2.05 - RM2.25 (RHB Investment Bank)
2. RM1.90 (TA Securities)
3. RM1.60 - RM1.77 (Affin Hwang)
4. RM2.05 (Public Investment Bank
19/01/2017 15:39
Contender Heard BFM Morning grill this morning with their Group CEO sounds convincing and good, macam boleh ... PE8x.
19/01/2017 15:53
sohaistock wa this UMNO kaki so panai....last week baru created one official website haha.
Matang MCA kaki ady raised fund with 0.13 offering price....UMNO kaki now raise fund with offering price 1.50 (wow...the gap of MCA and UMNO so big leh haha)
Both raise fund for election purpose :D Hope that you guys can get the return from the operating of election hahahhahhaha
20/01/2017 08:17
hisehatu 2017, rise of O&G stock. TP : RM1.75 easily.
23/01/2017 11:53
Mohd Fahmi Bin Jaes LATEST NEWS, CORPORATE
Serba Dinamik’s IPO shares for public oversubscribed by nearly five times
By Sulhi Azman / theedgemarkets.com | January 23, 2017 : 8:25 PM MYT
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Translated by Google Translator:
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KUALA LUMPUR (Jan 23): Engineering and energy services firm Serba Dinamik Holdings Bhd, which is en route for a listing on Bursa Malaysia with what has been touted as the biggest initial public offering in 19 months, saw the 26.7 million public allocation of its IPO shares oversubscribed by 4.96 times.

Its joint book runners — RHB Investment Bank Bhd and Affin HWang Investment Bank Bhd — have also confirmed that the institutional offering of 341.3 million IPO shares have been oversubscribed too, it said in a press statement today.

It detailed that the public portion’s oversubscription rate was based on a total of 10,017 applications for 159 million new shares, of which 5,742 applications were for 77.86 million shares for Bumiputera investors, which represents an oversubscription of 4.83 times of the 13.35 million shares it allocated to these categories of investors.

As for the public category, it obtained 4,275 applications for 81.15 million issue shares, which represents an oversubscription rate of 5.08 times.

“Following the completion of the book-building exercise, the institutional price was fixed at RM1.50 per IPO share. Accordingly, the final retail price was also fixed at RM1.50 per IPO share,” said Serba Dinamik.

To be listed on the main market on Feb 8, Serba Dinamik intends to raise gross proceeds of some RM407.1 million from the issuance of 271.4 million new shares, the bulk of which will be used to expand its business.

Serba Dinamik had, on Dec 30, 2016, announced that its IPO entails the offering of 389.4 million shares, comprising an offer for sale of some 118 million existing shares and the issuance of 271.4 million new shares.
25/01/2017 15:12
Mohd Fahmi Bin Jaes Monday, 23 January 2017 | MYT 11:19 PM
Serba Dinamik’s public issue shares oversubscribed five times
BY M. HAFIDZ MAHPAR

image: http://www.thestar.com.my/~/media/online/2016/05/11/11/32/corporate-may16.ashx/?w=620&h=413&crop=1&hash=F45652C313A60FC7F90E0C4EF7F1CDF6A1981F62


KUALA LUMPUR: Energy services group Serba Dinamik Holdings Bhd’s public issue of 26.7 million shares under its initial public offering has been oversubscribed by 4.96 times.

Malaysian Issuing House Sdn Bhd (MIH) said in a statement that 10,017 applications for 159.0 million shares were received for these reserved shares, which were offered at RM1.50 apiece.

A total of 5,742 applications for 77.86 million issue shares were received for the bumiputra category, representing an oversubscription of 4.83 times.

Under the public category, 4,275 applications for 81.15 million shares were received for an oversubscription rate of 5.08 times, MIH said.

The IPO involves the issuance of up to 389.4 shares, with the retail offering amounting to 48.1 million shares and the institutional offering comprising up to 341.3 million shares.

It was reported that Serba Dinamik aimed to raise total gross proceeds of RM407.1mil, of which about 74% would be used for the expansion of the group’s business and operational facilities.

Serba Dinamik provides engineering solutions to the oil and gas and power generation industries.

The company’s tentative listing date on Bursa Malaysia’s Main Market is Feb 8.

Read more at http://www.thestar.com.my/business/business-news/2017/01/23/serba-dinamiks-public-issue-shares-oversubscribed-five-times/#FgptApEQFKOzDC3r.99
25/01/2017 15:15
azdrichwork2002 Easy to get to...Rm 190..with the O n G becoming more stable
30/01/2017 23:47
02/02/2017 12:33
damagpie http://www.theedgemarkets.com/my/article/serba-dinamik-posts-3q-profit-rm4466m-ahead-listing

3Q profit. No comparison so Im not sure if its increased or not? Anybody got input?
06/02/2017 16:45
hisehatu don't expect so mu ch fluctuate on 1st day listing. IPO nowadays have no passion. However this counter might hit TP within a month if market good.
07/02/2017 10:01
kingofong buy
07/02/2017 10:30
1288 eps for q3 is now 4.2 sen, good!
07/02/2017 11:40
Mohd Fahmi Bin Jaes Public IB Research values Serba Dinamik at RM2.05

Author: moneyKing | Publish Date: 18 Jan 2017, 9:16 AM

By theedgemarkets.com / theedgemarkets.com | January 18, 2017 : 9:00 AM MYT

KUALA LUMPUR (Jan 18): Public IB Research has valued Main Market-bound Serba Dinamik Holdings Berhad (Serba Dinamik) at RM2.05, pegged to an 11.0x PE multiple, based on our FY17F EPS of 18.6 sen.

In a note today, the research house said Serba Dinamik’s main activities include operations and maintenance (O&M) services and engineering, procurement, construction and commissioning (EPCC) works.

“Going forward, we expect growth to be driven mainly by its core activities, focusing on international markets such as the Middle East regions while leveraging on its expertise to expand into the power generation sector as an asset owner, contractor and operator.

“We are therefore valuing Serba Dinamik with a fair value of RM2.05 pegged to an 11.0x PE multiple, based on our FY17F EPS of 18.6sen.
07/02/2017 18:52
08/02/2017 08:28
selangensem http://www.theedgemarkets.com/my/article/oil-extends-losses-after-api-reports-huge-us-crude-build
08/02/2017 08:40
hhc8 all brokers wrong. over valued this stock average 2.00. Time to buy?
08/02/2017 09:02
speakup look like going to close below IPO price 1.50
08/02/2017 09:12
Joehary Ahmad apart from Shale oversupply, cant think why opening so bad. maybe its time to buy? financial looks GOOD.im buying
08/02/2017 09:58
speakup buy if u are willing to hold for few months or years. limited upside for now.
08/02/2017 11:15
speakup IPO holders trying to get out for small profit. This will cause price overhang for next few days.
08/02/2017 11:15
speakup in fact, this Serba IPO reminds me of Bplant IPO at 1.60 2 years ago. Bplant was also very highly promoted by the IB, then on listing day, it opened and closed at a small premium to IPO. then 2nd day onwards, it went below IPO price dropped to about 1.40. Only this year, Bplant is above IPO price.
08/02/2017 11:19
Contender Mohd Fahmi Bin Jaes every other post also one word SELL" but över here heavily promoting SerbaDK.
08/02/2017 11:30
Sarawakians Then must support him. If checked last year all main board IPO give good return.

Posted by Contender > Feb 8, 2017 11:30 AM | Report Abuse
Mohd Fahmi Bin Jaes every other post also one word SELL" but över here heavily promoting SerbaDK.
08/02/2017 11:40
speakup LAI LIAO!!!!
LAI LIAO!!!!
LAI LIAO!!!!
08/02/2017 11:50
speakup GORENG JUST STARTED!!!!!
LOAD UP BOYZ!!!!
08/02/2017 11:51
speakup INI KALILAH!!!!
08/02/2017 11:52
speakup LAST CHANCE TO BUY SERBA CHEAP!!!
THIS FRIDAY WILL BE 1.80!!!!!
08/02/2017 11:55
speakup REBBBBBBBBBUUUUUUUUUUTTTTTTTTTT!!!!!!!!!!!
08/02/2017 11:56
speakup close eye......BUY!
open eye......BUTA MONEY IN YOUR HANDS!!!
08/02/2017 11:58
damagpie Dont any of you realize that the latest Q result is not 3 month but 4 month results? Nothing fantastic at all about the results. Whats the diff only 1 extra month counted you might ask. 1/3 more is 33% difference...
08/02/2017 13:51
hisehatu Trust me you can't earn big money today. Sell it, an investors always there to buy.
08/02/2017 14:05
1288 u sell i buy haha
08/02/2017 15:42
1288 http://bblifediary.blogspot.my/2017/02/serbadk.html
found this quite good, the revenue for 9MFY16 should actually be RM1.42 billion
10/02/2017 14:54
azdrichwork2002 http://bblifediary.blogspot.my/2017/02/serbadk.html?m=1
11/02/2017 08:06
Joehary Ahmad damagpie yes the 3rd Qtr results shown was for 4 mnths only i.e. jun - Sept 16(4 months !). add 3 more qtrs (or 8 months in this case, shud get to the EPS arnd 13.5 to 15 for FYE16. mutiply by earnings mutiple of 13(PE 13X 13.5 = RM1.76 at least i wud think. looks cheap compare to uzma & deleum. thats it im buying more. yes small time player oni hahah
13/02/2017 14:54
azdrichwork2002 Today close 1.68, tomorrow will be higher
14/02/2017 19:43
azdrichwork2002 Don't lost to buy this counter..... potential TP 1.90
14/02/2017 19:44
azdrichwork2002 Yes today already 170...
16/02/2017 17:11

IPO - KIP Real Estate Investment Trust (KIPREIT)

Author: kltrader   |  Publish date: Mon, 2 Jan 2017, 05:01 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.00

Dates:
Offer Period Open: 30 Dec 2016
Offer Period Close: 16 Jan 2017
Tentative listing date: 6 Feb 2017

Number of shares:
Public Issue: 13,500,000
Offer for Sale: -
Private Placement: 220,650,000

Stock Code: KIPREIT

Official Announcement

INITIAL PUBLIC OFFERING OF 234,150,000 OFFER UNITS IN KIP REIT ("UNITS") COMPRISING THE ISSUANCE OF:

(I) 220,650,000 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY MALAYSIAN INSTITUTIONAL INVESTORS AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, AT THE INSTITUTIONAL PRICE BEING THE PRICE PER UNIT PAYABLE BY THE INVESTORS WHICH WILL BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND

(II) 13,500,000 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC, THE ELIGIBLE DIRECTORS AND EMPLOYEES OF THE MANAGER, THE VENDORS (AS DEFINED IN THE PROSPECTUS) AND ELIGIBLE ASSOCIATE COMPANIES OF THE PROMOTERS (AS DEFINED IN THE PROSPECTUS) AT THE RETAIL PRICE OF RM1.00 PER UNIT PAYABLE BY APPLICANTS ("RETAIL PRICE"), SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISION IN CONNECTION WITH THE LISTING OF AND QUOTATION FOR 505,300,000 UNITS IN KIP REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM1.00 PER UNIT; AND (II) THE INSTITUTIONAL PRICE.

Company Overview

KIP Real Estate Investment Trust operates as a real estate investment trust. The Company offers its services in Malaysia.
 

News: KIP REIT expects to raise RM234m from IPO

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT), which is en route to a listing on the Main Market of Bursa Malaysia Securities, is expected to raise RM234.2 million from its initial public offering (IPO).

The proceeds will be used mainly for the acquisitions of KIP REIT’s initial portfolio consisting of five KiP Marts – in Tampoi, Kota Tinggi, Masai, Senawang and Malacca – as well as a neighbourhood retail centre known as KiP Mall in Bangi. The assets are valued at RM580 million and have an average occupancy rate of 85% and above, with a yield of 6.54%.

KIP REIT’s IPO of 234.15 million offer units comprises the issuance of 220.65 million offer units (43.7%) for institutional and selected investors at a price to be determined by way of bookbuilding and 13.5 million offer units (2.7%) for retail investors at RM1 per unit.

Based on the enlarged share capital of 505.3 million units, the total market capitalisation of KIP REIT upon listing is estimated to be RM505.3 million.

It is the intention of KIP REIT’s manager KIP REIT Management Sdn Bhd to distribute up to 100% of KIP REIT’s distributable income for FY17 and FY18 and thereafter at least 90% of KIP REIT’s distributable income on a half-yearly basis.

KIP REIT Management CEO Lim Han Gie said its focus on hybrid (traditional wet market and conventional shopping centre) community-centric retail centres that cater to communities’ need for fresh produce and daily essentials, coupled with its diversified tenant base and strategic geographical locations in growing catchment areas, are what make KIP REIT attractive.

“KiP Mart is differentiated from the normal retail markets. We focus on the daily essentials. Although many people think the retail market is softening, our focus is on essentials and necessities, so we’re not that affected,” Lim said after launching the prospectus last Friday.

He said the targets of KIP REIT could be achieved through the optimisation and asset enhancement by the management. The manager has the “right of first refusal” to expand KIP REIT in the future, through the acquisition of other KiP Marts in Johor, Penang, Pahang, Kedah, Selangor and Negri Sembilan.

KIP REIT’s gross rental income for the past three financial years has been growing steadily from RM48.30 million in 2014, RM51.63 million in 2015 and RM53.00 million in 2016. It posted a net property income of RM32.76 million in 2014, RM38.27 million in 2015 and RM42.24 million in 2016.

Upon listing, KIP REIT’s debt-to-asset ratio will be 14.8%, which is below the average Malaysian REIT of 32% as at Sept 30, 2016. This will allow KIP REIT to undertake borrowings for future acquisitions or asset enhancement.

KIP REIT’s retail offering will close on Jan 16. It is expected to list on Feb 6.
 

  James Yeo likes this.
 
Amit Khindriya Buy buy buy
02/01/2017 18:50
Bruce88 What is the expected div yield, anyone ?
02/01/2017 19:22
moneyseeker am considering this one as well in addition to serba, but i think growth in O&G is more sustainable than REIT's. KIP div yield is 6+%, div yield for serba should be more than 10% and their EPS is strong
03/01/2017 12:00
chong932 If you check the last Reit IPO, Al-Salam Reit, in year 2015, then you will realize how risky it is to subscribe Riet IPO. Al-Salam Reit was traded below IPO price on 3rd day. Must avoid!
04/01/2017 00:35
omightycap We've just posted a review for this IPO and think its a good buy... Have a look!

https://omightycap.wordpress.com/2017/01/05/ipo-kip-reit/
05/01/2017 23:33
azdrichwork2002 Good potential
06/01/2017 06:19
hisehatu when balloting result came out?
20/01/2017 08:51
James Yeo Post removed. Why?
22/01/2017 21:56
azdrichwork2002 Target listing price rm 1.05 to 1.10
04/02/2017 21:37
write2sam4 got 1.07 pun sudah happy boleh pergi hongkong
06/02/2017 08:55
Kay 99c :)
06/02/2017 16:29
Contender what an embarrassment for IPO to tank like that on the 1st day
06/02/2017 16:41
cptdina overpriced IPO..will go down some more before stabilizing, then after that movement depends on their next quarterly report.
07/02/2017 17:05


 

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