IPO Malaysia

IPO - Titijaya Land Berhad (TITIJYA)

kltrader
Publish date: Tue, 12 Nov 2013, 02:32 PM
kltrader
0 20,639
My collection of new IPOs in Malaysia and the background of companies going for IPO.

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

Dates:
Offer Period Open: 11-11-13
Offer Period Close: 18-11-13
Tentative listing date:  27-11-13

Number of shares:
Public Issue: 81,705,000
Offer for Sale: 49,500,000
Private Placement: 58,705,000

Stock Code: TITIJYA

Official Announcement

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

(I) PUBLIC ISSUE OF 81,705,000 NEW ORDINARY SHARES OF RM0.50 EACH ("SHARES") IN THE FOLLOWING MANNER:

• 17,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;

• 6,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

• 34,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;

• 24,705,000 NEW SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;

AND

(II) OFFER FOR SALE OF UP TO 49,500,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS,

AT AN ISSUE/OFFER PRICE OF RM1.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION

 

Company Background

Titijaya Land Berhad, an investment holding company, engages in the development and sale of properties in Malaysia. It develops residential properties, including condominiums, residential vacant land lots, and terrace houses; commercial properties comprising commercial centers, retail shops, serviced apartments/suites, shop offices, small office home offices, small office flexible offices, and studio office suites; and industrial properties, such as industrial lots, semi-detached factories, and detached factories. The company was formerly known as Meridian Flagship Berhad and changed its name to Titijaya Land Berhad in August 2012. Titijaya Land Berhad was incorporated in 2012 and is headquartered in Subang Jaya, Malaysia. Titijaya Land Berhad is a subsidiary of Titijaya Group Sdn Bhd.


Address and Contact

Titijaya Group of Companies
N-16-01, Penthouse, Level 16, First Subang,
Jalan SS15/4G, 47500 Subang Jaya,
Selangor Darul Ehsan, Malaysia.

Telephone: + (603) 8022 9999
FAX: + (603) 8022 9888

Website: http://www.titijaya.com.my/

Key Executives

  • Chief Executive Officer and Director: Mr. Lim Poh Yit (Age: 31)
  • Group Financial Controller: Ms. Wong Chow Won (Age: 54)
  • Group Managing Director: Prof. Lim Soon Peng (Age: 57)
  • Executive Director: Ms. Lim Puay Fung (Age: 33)
  • Company Secretary: Nutt Sao Bay

Titijaya Land eyes RM122.6m from IPO

KUALA LUMPUR, Nov 11 — Titijaya Land Bhd, en route to listing on the Main Market of Bursa Malaysia on November 27, aims to raise RM122.6 million from its public initial offering (IPO).

In a statement today, Titijaya said RM49.5 million of the proceeds would be used for working capital and RM15 million to repay bank borrowings. The rest would be used to repay advances from the previous shareholders of a subsidiary company (Epoch Property Sdn Bhd), purchase of land bank, and estimated listing expenses, it said.

The property developer said it would issue 81.7 million new ordinary shares of 50 sen each at an issue price of RM1.50.

“Of the shares, 17 million new issue shares will be for the public, six million new issue shares for eligable directors, employees and persons who have contributed to the success of the group, 34 million for Bumiputera investors approved by the Ministry of International Trade and Industry, and 24.7 million new issue shares by way of placement to selected investors,” it said.

Group operating officer Lim Poh Yit said the funds raised would enable the group to strengthen its position in the Klang Valley as well as encourage geographical expansion to other property hotspots via land bank acquisitions.

“Titijaya owns about 188 hectares of strategic land bank within the Klang Valley that are mostly concentrated in the Petaling and Klang districts,” Lim said. The group’s gross developement value (GDV) for ongoing projects has been estimated at RM1.08 billion.

“To date the company has developed over 3,000 units of properties with a completed GDV of RM1.14 billion,” he said.

-- Bernama

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2 people like this. Showing 50 of 77 comments

asamlaksa

Titijaya IPO's Ad appears in Sin Chew Daily & The Star.

Remember the AAX IPO doing roadshow n advertised in printed media. Now the price of AAX 20 sen below IPO. Titijaya will not be oversubscribed like Karex or Caring do. Be Cautious.

Quoted somewhere: You $ your choice.

2013-11-16 17:37

sephiroth

big cap ipo other than UMWOG are 99% useless coz they price them so high that there's little meat (astro,aax,westbroke, i mean port) left, small and mid cap ipo karex/caring/titijaya will easily fly, titijaya's FY14 estimated pe of 6 is undemanding

2013-11-16 18:02

azhanmatnordin

its worth to apply

2013-11-16 18:16

kobar

I will apply it.

2013-11-16 22:34

Raymond

Heard that Tan Sri Lim is well connected with a lot big shots in town. Maybe that explains how Titijaya manage to buy land banks at such cheap prices and hence the 26% profit margin.

2013-11-17 11:37

KeropokUndang

@asamlaksa, betul ke ni analysis u.I'm newbie. i think IF the market price < IPO price, this counter can tutup kedai lah.. For AAX, maybe Airline biz has dependency to oil petrol, currency ..ringgit keep depreciated kut, impact to them.

2013-11-17 15:02

Switzh

This blog here shows much confidence in Titijaya's stock..
http://www.investlah.com/forum/index.php?topic=60011.msg1155988;topicseen

2013-11-18 00:11

Janet Lai Janet

I had miss today Bjauoto @1.55 because busy which already discuss with friend today move no matter the price, now can't move in. So intention to invest at this new counter Titijaya, any tips...? pls do let me know, think to earn some money for Chinese new year leh.

2013-11-18 10:38

haikeyila

Titijaya is backed by some serious big names in Selangor - go check.

2013-11-18 10:46

Raymond

Yeah .... heard they are friends with the sultan too.

2013-11-19 11:49

fairjimmy

I can definitely confirm that

2013-11-19 11:51

Raymond

Anyone knows whats the subscription rate ?

2013-11-19 21:24

kobar

Tomorow will know oversubcribed rate. I think at least 20 times

2013-11-19 22:50

azlan88

Titijaya NA is RM0.94 after listing. 30pc dividend distribution. Need not to worry much unless the owner enjoy the dividend first before listing as shown by Astro and Westport.

2013-11-19 23:05

kobar

Ready untuk meletup this ipo.....

2013-11-19 23:14

Raymond

This counter will fly like Matrix Concepts ....

2013-11-19 23:25

sephiroth

balloting today, anyone know when the results will be out???

2013-11-20 11:33

Raymond

By 5.30pm it will be in the press.

2013-11-20 14:13

sephiroth

thanks, but mostly tak boleh dapat, can just hope for the best

2013-11-20 14:30

lwalk

26/11 allotment
good luck to all :)

2013-11-20 14:40

Hustle

Will this titi have the same boost like caring & bjauto?

2013-11-20 14:43

haikeyila

property counters hammered again today... will little titi buck the trend?

2013-11-20 14:53

Hustle

Base on current trend,high possibility titi can turn into Manhattan Bridge lol.

2013-11-20 14:55

sephiroth

of course but have to sell on 1st or 2nd day

2013-11-20 14:55

haikeyila

long term potential is fantastic for titi. but short term will be hard to tell. well at least they are not exposed to soon-to-be ghost town iskandar.

2013-11-20 14:57

Hustle

Just few days ago read from kinbiz,foreigners that invest at Iskandar will be waive for the RPGT tax but not with our locals, not sure this scenario is true or not.

2013-11-20 15:00

haikeyila

if that was true then it shows desperation - meaning demand is seriously bad there.

2013-11-20 15:04

kobar

19.34 times oversubcribed this ipo

2013-11-20 21:55

Raymond

wow ..... going to fly on first day huh.

2013-11-20 22:35

sephiroth

so, on 26th only know whether we get the ipo shares???

2013-11-21 09:46

callme777

What does waiting list means on m2u?

2013-11-21 20:30

sephiroth

callme77 u still have chance.mine not succesful, m2u immediately auto reverse $$$ back to me, haiz... have to hunt for other counter tomorrow

2013-11-21 22:23

choolooi

Maybank auto reverse$$$ back to my account .
Better luck next time.
Sephiroth, Hope Matrix get some

2013-11-21 22:36

hhc128

inter-pac target 1.86

2013-11-22 11:06

lwalk

didnt get it either

2013-11-22 11:19

fifijalal

hello, mine says "reserve" is that the same as waiting list? and also how long will it take for them to make up their minds? tersangkut pulak duit.

2013-11-22 15:56

kobar

Satu pun x dapat. Good luck sape yg dapat. I think nice debut on listing day.My friends ramai yg masuk waiting list...

2013-11-23 08:15

faisal jaafar

Dapat, tapi hanya 9% Dari share yang dipohon.

2013-11-23 15:19

kobar

Susah dapat harga senang naik

2013-11-24 16:22

zafroonaldo

hey.. i just check my account, they credited back my money... i thought only on 27th nov we will know... aiyaa.... refunded full amount means i wont be getting anything??? -.-

2013-11-25 08:46

seal9730

zafroonaldo, If your money was refunded means you are not allotted any shares. The balloting was done on 20 Nov, result was out at 21 Nov. 27 Nov is the listing date for the shares.

2013-11-25 14:34

zafroonaldo

yeah, bcos i saw on the prospectus i thought it was stated on 26 nov for the balloting result to come out. hehe.. did u get any seal9730?

2013-11-25 15:19

haikeyila

get ready for little titi show tomorrow

2013-11-26 17:02

TeddyRiley

This Titty will fly tomorrow

2013-11-26 17:28

oskfans

Fly kite counter.

2013-11-27 14:03

eu7985

Now vli near to iPo price d...if break 1.50 will it drop lagi gila?

2013-11-29 10:51

fairjimmy

Haha . What did i say on Nov 13 , 14?

2013-11-29 11:02

jeffkenneth

F the directors.

2013-12-04 18:20

haikeyila

blame the uneven floor when you cant dance.

2013-12-05 16:15

kingleecha

Don't worry, steady..the price will be increased..be confident of your choice! =)

2013-12-08 19:01

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