IPO Insights

PMW International Berhad

PMW International Berhad, through its subsidiaries, is primarily engaged in the trading of construction materials, spun poles, and piles; the manufacturing of spun poles, piles, moulds, machinery, and metal products; and the rental of moulds and machinery. The Group has an established track record of approximately 33 years, specializing in concrete products like standard poles, monopoles, and decorative poles. It operates four manufacturing facilities in Ipoh, Perak, and Kota Kinabalu, Sabah, serving customers across Peninsular and East Malaysia. The company also provides one-stop solutions for the design and manufacturing of moulds and machinery for concrete product manufacturing.

IPO Details
Market: ACE
Principal Adviser: KAF Investment Bank Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: SC (Yes)
Listing Price: 0.34
PE Ratio: 17.6-19.0
    PE (FYE): 19.00
    PE (FPE Annualised): 18.14
    PE (Hybrid): 17.62
MITI allocation?: Yes
Closing Date: 06-Nov-2025
Balloting Date: 10-Nov-2025
Listing Date: 18-Nov-2025
Oversubscription rate: 31.7x
Average Analysts FV*:
Mplus (0.57), TA (0.45), Tradeview (0.42), RHB (0.40), Public Invest (0.38)
iSaham IPO Score***:
Market Cap: 303.30 M
Number of Shares: 892.05 M
IPO Allocations No. of Shares %
Malaysian Public 44.60 M 5.0%
Bumiputera shareholders approved by MITI 111.51 M 12.5%
Eligible Directors and employees 22.301 M 2.5%
Private placement to selected investors and others 89.21 M 10.0%
Total Allocations 267.62 M 30.0%

Offer for Sales of 89.20 M existing shares representing 10.0% enlarged shares.

Public Issue of 178.41 M new shares representing 20.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Construction of a new facility at Tanjung Manis, Sarawak 46,708 77
Expansion Purchase of new machinery and equipment 581 0.96
Working capital Working capital requirements 5,696 9.39
Listing expenses Estimated listing expenses 7,675 12.65
Total 60,660 100
Utilisation of Proceeds
SWOT Analysis

Sorry, this feature only available for iSaham Pro