IPO Insights

LAC Med Berhad

LAC Med Berhad, through its subsidiaries, specialises in the supply and integration of medical devices in Malaysia and Indonesia. The Group is an authorised distributor for third-party brands of medical devices, including medical equipment primarily used for diagnostic purposes, and associated products like medical consumables. It also provides software and system integration services. A key part of its business involves the provision of ICT products and services tailored for healthcare facilities. The company was incorporated in Malaysia in November 2024 and has since expanded its operations regionally with the establishment of PT Fairmed in Indonesia.

IPO Details
Market: Main
Principal Adviser: RHB Investment Bank Berhad
Issuing House: AscendServ
Shariah Status: SC (Yes)
Listing Price: 0.75
PE Ratio: 14.7-15.9
    PE (FYE): 14.7
    PE (FPE Annualised): 15.2
    PE (Hybrid): 15.86
MITI allocation?: Yes
Closing Date: 25-Nov-2025
Balloting Date: 01-Dec-2025
Listing Date: 10-Dec-2025
Oversubscription rate: 12.64x
Average Analysts FV*:
TA (0.83), Tradeview (0.94), Mplus (1.02)
iSaham IPO Score***:
Market Cap: 300.00 M
Number of Shares: 400.00 M
IPO Allocations No. of Shares %
Malaysian Public 20.00 M 5.0%
Bumiputera shareholders approved by MITI 50.00 M 12.5%
Eligible Directors and employees 4.197 M 1.05%
Private placement to selected investors and others 30.0 M 7.5%
Total Allocations 104.20 M 26.05%

Offer for Sales of 30.00 M existing shares representing 7.5% enlarged shares.

Public Issue of 74.20 M new shares representing 18.55% enlarged shares.

Median Sectors PE:
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Setting up new head office and warehouse 12,000 21.6
Expansion Expansion of Indonesian business 8,000 14.4
Expansion Establishment of EaaS and MEAMS segments 8,000 14.4
Working capital Working capital 6,148 11
Listing expenses Estimated listing expenses 5,500 9.9
Debt Repayment of bank borrowings 16,000 28.7
Total 55,648 100
Utilisation of Proceeds
SWOT Analysis

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