Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Sun, 20 Oct 2019, 9:49 AM

 

IPO - DPI Holdings Berhad (DPIH)

Author:   |    Publish date:


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM0.25

Dates:
Offer Period Open: 27 Nov 2018
Offer Period Close: 18 Dec 2018
Tentative listing date: 7 Jan 2019

Number of shares:
Public Issue: 24,340,000
Offer for Sale: 0
Private Placement: 88,100,000

Stock Code: DPIH

Official Announcement

PUBLIC ISSUE OF 126,560,000 NEW ORDINARY SHARES IN DPI HOLDINGS BERHAD ("DPI HOLDINGS") ("IPO SHARES") AT AN ISSUE PRICE OF RM0.25 PER IPO SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH THE LISTING OF DPI HOLDINGS ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

DPI Holdings Berhad operates as a holding company. The Company, through its subsidiaries, manufactures decorative and industrial wood coating products, such as aerosol spray paint, thinner, and solvents. DPI Holdings serves customers in Malaysia.

 

Address & Contact:

K69, Jalan Perindustrian 6,
Tanjong Agas Industrial Estate,
84000 Ledang (Muar), Johor, Malaysia

Tel: 606 - 952 2854
Fax: 606 - 951 3543
Email: dpi@dpimalaysia.com
Website: http://www.dpiaerosol.com/
 

Share Capital

  • Market Cap: RM121.683 mil
  • Shares Issue to sell: 126.560 mil shares
  • Enlarged Issued Shares: 486.731 mil shares


Revenue on Geo (2018)

  • Malaysia: 81.74%
  • Outside Malaysia: 18.26%


Past Financial Proformance (Revenue, EPS)

  • 2018: RM50.294 mil (eps: 0.0163)
  • 2017: RM49.360 mil (eps: 0.0258)
  • 2016: RM46.923 mil (eps: 0.0206)


Net Profit Margin

  • 2018: 11.86% (after exclude one-off asset dispose gain)
  • 2017: 18.82%
  • 2016: 15.81%


Use of fund

  • Capital expenditure & expansion: 74.4%
  • Sales, Marketing & Advertising: 9.48%
  • Product development: 4.11%
  • Estimated listing expenses: 12.01%

 

News: DPI Aims to Double Production Capacity, Raise RM31.6m From IPO

ACE Market-bound aerosol paints producer DPI Holdings Bhd targets to double its aerosol can production capacity from 9.7 million to 20 million per annum, to capture demand for aerosol paints in the Asia-Pacific (APAC) region.

In a statement today in conjunction with its initial public offering (IPO) prospectus launch, DPI executive chairman and managing director Peter Chai @ Choy Mui Seng said the group intends to construct a new factory with four new fully-automated aerosol filling lines, as well as upgrade the production lines in the existing plant into fully-automated aerosol filling lines.

He said the new factory would be adjacent to the existing plant in Johor.

Chai explained that the group's proposed listing on the ACE Market of Bursa Malaysia was aimed at raising capital for production capacity expansion to meet growing regional demand.

"Demand for aerosol paints in APAC countries [is] expected to increase with rising populations, accelerated urbanization and higher motorisation, hence indicating potential uptrend for aerosol paints from the automotive segment.

"At the same time, we are witnessing higher awareness of the Do-It-Yourself (DIY) culture, and arts and crafts segment, as consumer lifestyles gear towards greater personalization and creative expression," he said.

DPI's IPO entails the issuance of 126.5 million new shares at an issue price of 25 sen per share, raising RM31.6 million.

Of the 126.5 million shares, 24.3 million shares will be for application by the Malaysian public and 14.1 million shares for application by eligible directors, employees and persons who have contributed to the success of the group.

Meanwhile, 39.4 million shares will be placed out to identified investors and 48.7 million shares will be set aside for Bumiputera investors identified by the Ministry of International Trade and Industry.

Of the total IPO proceeds to be raised, RM23.5 million will be used for capital expenditure towards expansion of production capacity, RM3 million for extension of consumer reach through marketing and advertising activities, while RM1.3 million would be for development of new product range.

With the prospectus launch, applications for DPI's IPO open today and will close on Dec 18.

DPI aims to list on the ACE Market on Jan 7 next year.

Affin Hwang Investment Bank Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO exercise.

Share this
Labels: DPIH

Related Stocks

Chart Stock Name Last Change Volume 
DPIH 0.17 0.00 (0.00%) 144,500 

  huat021 likes this.
 
Limbeh oversubscribed 23times... heng heng... Limbeh still dont know if I got drawn anot..
21/12/2018 9:43 AM
vvvv when and how can know get or not?
21/12/2018 2:43 PM
Lee Boon Seng 7th January 2019
24/12/2018 11:19 AM
Dan Mohd if u apply using e ipo, your refund you should know already
25/12/2018 7:27 AM
YB Hock Hahaha can't tp 0.4! Anybody earn money from this counter?
07/01/2019 9:51 AM
Limbeh I think all lose money bah... drop since morning... even those got from ballot, with current price only earn 2sen.. why bother to earn the 2sen lol
07/01/2019 11:27 AM
William Choong Newly listed half day, issue price at 0.25 which impressed me. Entered at 0.265 which i think is great to hold another new issue share, it might be a gold mine who know...
07/01/2019 12:22 PM
Limbeh https://themalaysianreserve.com/2018/12/20/dpis-fair-value-at-%E2%80%A829-sen-%E2%80%A8says-inter-pacific/

fair value 29sen...
just hold for new plant earning contribution lor...

gold mine? haha see how la... sentiment not good, so many TP
07/01/2019 12:25 PM
William Choong Those who bought 0.30 and above have to be patient
07/01/2019 12:30 PM
Tony91 good prospect for this company?
07/01/2019 12:55 PM
apolloang another rgtech in the making? hehe
07/01/2019 2:13 PM
Limbeh RGTECH floor price already... haha this DPI 0.27... err already floor on the first day...
07/01/2019 2:20 PM
William Choong hahaha...just wait and see how? Hahaha
07/01/2019 2:48 PM
Limbeh why 4pm? but construction,steel etc counter also up alot today, bursa also green...
I really feel this IPO is underrated...
07/01/2019 3:15 PM
Limbeh not like this DPI can IDSS leh... why 4pm tell Limbeh why... hahaa
07/01/2019 3:15 PM
leekokshen Sigh....wake up early in the morning 9am lock in at RM0.31 and see the price just nose dive....no eye see....learnt my lesson.... Not all IPO can do rocket on first day.... Now I'm scared to go in tomorrow for Gagasan Nadi...thought of untung some lunch money.... Now today makan roti canai saja.
07/01/2019 11:23 PM
amzarb44 DPI lousy result..if result better sure fly
08/01/2019 9:50 AM
Tony91 today no volume?
09/01/2019 10:07 AM
digi_three selling aerosol paint haaa? itu spray ada propellant or not. propellant not good for environment meh and cause ozone depletion lor. no foreigners investors will come for this counter lor. palm oil oso norway made lots of issue ..
09/01/2019 10:16 AM
amzarb44 Bodoh, aerosol ni mana ada CFC.....itu yang ada CFC tu mcm ridsect, shieldtox
09/01/2019 4:02 PM
amzarb44 Director collecting
14/01/2019 9:54 AM
apolloang but does he know how to push?
14/01/2019 9:55 AM
amzarb44 You ask them lah, how do I know
14/01/2019 11:46 AM
amzarb44 Too much contra players....
17/01/2019 4:00 PM
Moc Nokin This stocks already take attention by us, if going uptrend will make us invest into this stocks.

As what rakuten expect this stocks will be target 0.30.
20/03/2019 8:51 AM


 

436  284  495 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI-C7K 0.275+0.01 
 KHEESAN 0.485+0.005 
 IMPIANA 0.0250.00 
 ARMADA 0.475-0.02 
 HSI-H8F 0.25-0.015 
 TDM 0.275+0.03 
 FINTEC 0.0550.00 
 KNM 0.360.00 
 KNM-WB 0.075-0.01 
 MTRONIC-WA 0.010.00 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS
Partners & Brokers