Tentative Date(s):

• Opening of application - 24 October 2024

• Closing of application - 04 November 2024

• Balloting of applications - 07 November 2024

• Allotment of IPO shares to successful applicants - 13 November 2024

• Tentative listing date - 15 November 2024

Company Background

The company was incorporated in Malaysia on 23 June 2010 under the Companies Act, 1965 and deemed incorporated under the Act as a private limited company under the name of Metro Healthcare Sdn Bhd. Subsequently, the company was converted to a public limited company on 23 March 2011 and was listed on the LEAP Market on 26 February 2018. The company is an investment holding company. Through its subsidiaries, they are principally an O&G healthcare service provider, specialising in providing fertility and other O&G healthcare services.

The company Group structure after Transfer of Listing is as follows:

Use of proceeds

1. Expansion of existing O&G business - 63.85% (within 36 months)

2. Refurbishment and upgrading of the business premises - 7.66% (within 24 months)

3. Working capital - 18.72% (within 36 months)

4. Estimated listing expenses - 9.77% (within 1 month)

Expansion of existing O&G business - 63.85% (within 36 months)

The company intends to allocate RM25.00 million, representing approximately 63.85% of the proceeds from its Listing to acquire additional maternity hospitals in Klang Valley and/or other parts of Peninsular Malaysia to increase their Group’s presence and capitalise growth opportunities. 

Refurbishment and upgrading of the business premises - 7.66% (within 24 months)

The company intends to allocate RM3.00 million, representing approximately 7.66% of the proceeds from its Listing to refurbish and upgrade three of the company Group’s maternity hospitals, including the maternity hospital to be acquired as well as the installation of a centralised hospital information system (“HIS”) at all of the company Group facilities. 

The indicative refurbishment and upgrading costs based on the company Group’s initial planning are as follows:

Working capital - 18.72% (within 36 months)

The company intends to allocate approximately RM7.33 million, representing approximately 18.72% of the proceeds from its Listing to fund their working capital requirements for 36 months from completion of its Listing, which include, but are not limited to, general administrative expenses including rental expenses, utility costs, security fees, maintenance costs and all staff-related costs of the company Group. The proposed allocation of RM7.33 million is expected to be utilised within 36 months from completion of the Listing.

The estimated annual allocation is as follows:

Business Model

The company business model is as summarised in the diagram below:

Click here to continue the IPO - Metro Healthcare Berhad (Part 2)

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