Pantech Global Bhd (Ticker: PGLOBAL MK) is a Malaysian company operating in the steel industry, specifically as a manufacturer of pipe fittings and welded pipes.

Pantech Global is expected to list on the Main Market of Bursa Malaysia on March 3, 2025. The total offer size is MYR 178.32 million (USD $39.89 million). The offering is managed by Alliance Islamic Bank Bhd. The IPO was heavily oversubscribed, receiving RM663.63 million in retail interest. The public portion of 21.25 million shares was oversubscribed by 44.93 times. The proceeds will be used for expansion, capital expenditure (74%), working capital (13%), loan repayment (8%) and listing expenses.

99 Speed Mart Retail Holdings Bhd (Ticker: 99SMART MK) is a food retail company that operates Malaysia's largest domestic convenience mini-market chain. The company announced its IPO on August 15, 2024, and plans to list on Bursa Malaysia on September 9, 2024.

The IPO is priced at RM1.65 per share, with a total offer size of MYR 2.36 billion (USD 506 million), including 1.03 billion secondary shares and 400 million primary shares, making it the largest IPO in the country in 7 years. The expected market capitalization at the offer is MYR 13.86 billion (USD 2.97 billion).

The proceeds from the IPO, particularly from the MYR 600 million (USD 129 million) public issue, will be used to expand the company’s retail network, aiming to reach 3,000 outlets by 2025, and to build new distribution centers.

Affin Hwang Capital, CIMB Investment Bank Bhd, and RHB Investment Bank Berhad are the joint lead managers for the offering.

Elridge Energy Holdings Bhd (Ticker: ELRIDGE MK) is a Malaysia-based company that operates in the electric generation industry, primarily focusing on the manufacturing and trading of biomass fuel products such as palm kernel shells and wood pellets.
The company will list on August 22, 2024, on the Bursa Malaysia ACE Market. Elridge is offering 700 million shares at MYR 0.29 per share, with an expected market capitalization of MYR 580 million (USD 129.63 million). The total offer size is MYR 203 million (USD 45.37 million). KAF Investment Bank Bhd is managing the offering.

Well Chip Group Bhd (Ticker: WELLCHIP MK) is a retail company operating in the jewelry and pawn shop industry. Well Chip Group Bhd will list on July 23, 2024, in Malaysia on Bursa Malaysia. The firm is selling 150 million shares at the price of MYR 1.15. The expected market capitalization at offer is MYR 690 million (USD 146.35 million). The total offer size is MYR 172.5 million (USD 36.59 million).
Of the proceeds, MYR 124.3 million (72%) will be allocated as cash capital for its pawnshops, MYR 40 million (23.2%) for seven new pawnshops, and the balance of MYR 8.2 million (4.8%) to defray listing expenses. The offering is managed by CGS International Securities Malaysia and Kenanga Investment Bank Bhd.

Johor Plantations Group Bhd (Ticker: JOHO.KL) is a palm oil company based in Johor Bahru, Malaysia, that is expanding into the downstream segment, focusing on specialty oils and fats. The company also produces palm kernels and biomethane, in addition to dealing in agricultural machinery and parts. Johor Plantations will list on July 9th, 2024 in Malaysia. The firm is selling 875 million shares at the price of MYR 0.84 ($0.18) per share. The expected market capitalization at offer is MYR 2.1 billion ($446 million). The total offer size is MYR 735 million ($156 million), making it the largest IPO in Malaysia for 2 years. The offering is managed by RHB Investment Bank, AmInvestment Bank, CIMB, CLSA, and Affin Hwang Investment Bank. IPO cornerstone investors include abrdn Islamic Malaysia, AHAM Asset Management, and Kumpulan Wang Persaraan.

Keyfield International Bhd (Ticker: KEYFIELD MK) is an offshore accommodation provider based in Malaysia, primarily engaged in the chartering of vessels. The company offers comprehensive offshore accommodation, catering, housekeeping, laundry, and medical support services. Keyfield International Bhd owns a fleet of 11 Malaysian-flagged vessels, which includes a range of accommodation work boats, a geotechnical platform supply vessel, and an anchor handling tug supply vessel. The company holds several PETRONAS Vessel Owner-Operator licenses and is a panel contractor to PETRONAS Carigali Sdn Bhd, allowing it to participate in various accommodation vessel-related tenders.

Keyfield International Bhd will be listing on the Bursa Malaysia, with an IPO scheduled to trade under the ticker KEYFIELD MK. The company has set an offer price of MYR 0.90 per common share, aiming to raise MYR 188.06 million (approximately USD 39.85 million) by offering 208.96 million primary shares. This IPO is managed by M&A Securities Sdn Bhd and Maybank Investment Bank Bhd. The listing date is set for April 22, 2024.

CPE Technology Bhd (Ticker: CPETECH MK) is a Malaysian company specializing in precision machining and mechanical sub-assembly, including CNC Turning & Milling, Turn-Mill, and Finish processes. The firm focuses on engineering support services, catering to both local and international markets. CPE Technology Bhd is set to list on the Bursa Malaysia on December 7, 2023. The company is offering 234.96 million shares at a price of MYR 1.07 per share. The expected market capitalization at the offer is MYR 718.31 million (USD 153.86 million), with a total offer size of MYR 251.41 million (USD 53.85 million).

The proceeds from the IPO, amounting to RM179.58 million, are earmarked for various growth initiatives, including the construction of new plants, purchasing machinery and equipment, and acquiring raw materials like stainless steel and aluminium. Additionally, funds will be allocated to repay bank borrowings, enhance working capital, cover capital expenditures, and manage listing expenses. CPE Technology has reported a market share of 1.55% in Malaysia's engineering supporting industry as of 2022, with an annual revenue of RM145.35 million.

MSTGOLF MK
Offer Price MYR 0.81
Filing Amount MYR 184.68M
Shares Offered 228.00M

SKYWLD MK

Offer Price MYR 0.80

Pre Shoe Amount MYR 320.00M

Shares Offered   400.00M

DXN MK
Offer Price MYR 0.70
Pre Shoe Amount MYR 652.87M
Shares Offered   932.68M

CEB MK
Offer Price MYR 0.90
Filing Amount MYR 233.73M
Shares Offered 259.70M

NATGATE MK
Offer Price MYR 0.38
Filing Amount MYR 275.83M
Shares Offered 725.88M

LPBHD MK
Offer Price MYR 0.30
Filing Amount MYR 44.04M
Shares Offered 146.80M

ITMAX MK
Offer Price MYR 1.07
Pre Shoe Amount MYR 342.40M
Shares Offered   320.00M

AMEREIT MK
Offer Price MYR 1.13
Pre Shoe Amount MYR 287.92M
Shares Offered 254.80M

SENFONG MK
Offer Price: MYR 0.75
Number of shares: 160.87 M
Expected Offer Size: MYR 120.7M