WELL CHIP GROUP BERHAD

KLSE: WELLCHIP (5325)

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Last Price

Today's Change

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Trading Volume


IPO Info
Offer Period

Opening

2024-06-26

Closing

2024-07-10

Time Table

Allotment Date

2024-07-19

Listing Date

2024-07-23

Price

Issue Price

-

Units

-

Share Capital

0.000

No of Shares

Public Issue

-

Offer for Sale

-

Private Placement

-

Issuing House

-

ISIN Code

-

Prospectus:

INITIAL PUBLIC OFFERING ("IPO") OF 150,000,000 NEW ORDINARY SHARES IN WELL CHIP GROUP BERHAD ("WELL CHIP" OR "COMPANY") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF WELL CHIP ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (I) 30,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 45,000,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL SELECTED INVESTORS; AND (III) 75,000,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY AT AN IPO PRICE OF RM1.15 PER SHARE PAYABLE IN FULL UPON APPLICATION

Well Chip - Prospectus (Part 1).pdf

Well Chip - Prospectus (Part 2).pdf

Well Chip - Prospectus (Part 3).pdf

Well Chip - Detailed Procedures for Application.pdf

Discussions
Be the first to like this. Showing 3 of 3 comments

Keqing Tan

3rd pawnshop business hmmm.... seems too expensive?

2 days ago

BE_GREEEEEDY

under value....potential hitting RM 2
Revenue continus to grow over past ,4 years & high % PAT every year....!
huatt chaii ,$$$
High gold price almost USD 2400

1 day ago

BE_GREEEEEDY

SHOULD BE RM 2.00 IPO.....WHY ?...💪

with its IPO price at RM1.15 per share, the counter has a price-earnings (P/E) multiple of 19.54 times, based on earnings per share (EPS) of 5.89 sen or net profit of RM35.32 million for the financial year ended on Dec 31, 2023 (FY2023).

For comparison, industry peer Pappajack Bhd (KL:PPJACK) is trading at a P/E multiple of 35.4 times, based on EPS of 2.80 sen for FY2023. Meanwhile, Evergreen Max Cash Capital Bhd (KL:EMCC) is trading at a P/E multiple of 25.2 times, based on EPS of 1.71 sen for FY2023.

Well Chip intends to recommend and distribute dividends of at least 35% of its consolidated profit after tax attributed to its shareholders for the first three financial years after its listing.

16 hours ago

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