TMK CHEMICAL BHD

KLSE: TMK (5330)

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IPO Info
Offer Period

Opening

2024-11-25

Closing

2024-11-29

Time Table

Allotment Date

2024-12-11

Listing Date

2024-12-12

Price

Issue Price

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Units

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Share Capital

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No of Shares

Public Issue

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Offer for Sale

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Private Placement

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Issuing House

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ISIN Code

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Prospectus:

INITIAL PUBLIC OFFERING ("IPO") OF 220,000,000 ORDINARY SHARES IN TMK CHEMICAL BHD (FORMERLY KNOWN AS TAIKO MARKETING SDN BHD) ("TMK" OR "COMPANY") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED ORDINARY SHARES IN TMK ("TMK SHARES" OR "SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING A PUBLIC ISSUE OF 220,000,000 NEW SHARES ("ISSUE SHARES") INVOLVING: (I) INSTITUTIONAL OFFERING OF 190,000,000 IPO SHARES TO INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND (II) RETAIL OFFERING OF 30,000,000 IPO SHARES TO THE DIRECTORS OF TMK, ELIGIBLE EMPLOYEES OF TMK AND ITS SUBSIDIARIES ("GROUP"), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP AND THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM1.75 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) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (A) THE RETAIL PRICE; OR (B) THE INSTITUTIONAL PRICE

TMK Chemical - IPO prospectus (Part 1).pdf

TMK Chemical - IPO prospectus (Part 2).pdf

TMK Chemical - IPO prospectus (Part 3).pdf

TMK Chemical - Detailed Procedures for Application and Acceptance.pdf

Discussions
Be the first to like this. Showing 9 of 9 comments

DreamKaiser

Hello hello hello. Another cool one for the Kaiser to set the ball🏀 rolling. This one not a penny stock though. But more like a third liner.

3 days ago

DreamKaiser

Anyway, still might be something worthwhile to consider. Maybe the pundits among y'all might like to look further into it.

3 days ago

DreamKaiser

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece
Luqman Amin/theedgemalaysia.com
25 Nov 2024, 01:22 pm

https://theedgemalaysia.com/node/735232

3 days ago

cariyoyo

TMK is controlled by KLK Group

3 days ago

cariyoyo

1.30 billion revenue, but profit about 91 million. Exciting?

3 days ago

DreamKaiser

91m profit on 1.3b revenue might not be fantastic. But neither is it that bad either.

Still comes to 7%. Not every billion plus company can manage that kind of income.

3 days ago

DreamKaiser

TMK Chemical to double capacity with new plant funded by IPO proceeds
Luqman Amin/theedgemalaysia.com
25 Nov 2024, 01:53 pm

https://theedgemalaysia.com/node/735236

3 days ago

cariyoyo

I went through its prospectus and found that it is managed by professional managers. The owner is not directly involved in the business. How much do you think will appreciate upon listing?

3 days ago

JupiterMeow

TMK Chemical Berhad's initial public offering (IPO) subscription period is notably brief, opening on November 25 and closing on November 29, 2024. This four-day window is shorter than the typical one to two weeks allotted for IPO subscriptions. Additionally, the company is expected to release its quarterly financial report by November 29, coinciding with the subscription deadline.
The timing raises concerns that if the forthcoming financial report reveals unfavourable results, it could negatively impact investor sentiment and the stock's performance upon listing.
For the financial year ended December 31, 2023, TMK Chemical reported a profit after tax (PAT) of RM91.6 million, a decrease of nearly 40% from RM150.34 million in FY2022. Revenue also declined by 12% to RM1.31 billion from RM1.48 billion in the previous year. TMK’s full-year 2024 performance will depend heavily on the continued ramp-up of the Baling Plant which commence operation in May 2024 and management’s ability to improve profit margins.
Investors should exercise caution and consider awaiting the release of the latest Quarterly financial report before making investment decisions. This approach allows for a more informed assessment of the company's financial health and prospects. But what if the quarterly report is release after 5pm on 29th Nov?

1 day ago

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