IPO Insights

Polymer Link Holdings Berhad

Polymer Link Holdings Berhad, through its subsidiaries, is primarily engaged in the manufacturing of plastic powder for both general and specialty applications. The Group also manufactures masterbatch and is involved in other activities such as trading of equipment and products, toll manufacturing, and contract roto-moulding. It operates manufacturing facilities in Malaysia, the Philippines, and India, with sales and marketing operations extending to Australia and the USA. The company serves a diverse customer base, with its main products being used in the rotational moulding (roto-moulding) industry to create items like water tanks, cooler boxes, and diesel fuel tanks.

IPO Details
Market: ACE
Principal Adviser: Hong Leong Investment Bank Berhad
Shariah Status: SC (Yes)
Listing Price: 0.25
PE Ratio: 11.1-12.7
MITI allocation?: No
Closing Date: 11-Nov-2025
Balloting Date: 13-Nov-2025
Listing Date: 25-Nov-2025
Oversubscription rate: 48.74x
Average Analysts FV*:
TA (0.31), Mplus (0.32)
iSaham IPO Score***:
Market Cap: 140.00 M
Number of Shares: 560.00 M
IPO Allocations No. of Shares %
Malaysian Public 28.00 M 5.0%
Eligible Directors and employees 4.44 M 0.79%
Private placement to selected investors and others 88.786 M 15.85%
Total Allocations 121.23 M 21.65%

Offer for Sales of 24.08 M existing shares representing 4.3% enlarged shares.

Public Issue of 97.15 M new shares representing 17.35% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Expansion of our Australia operations 5,030 20.7
Expansion Capital expenditure 3,610 14.9
Working capital Working capital requirements of our Group 6,197 25.5
Listing expenses Estimated Listing expenses 7,449 30.7
Debt Repayment of bank borrowings 2,000 8.2
Total 24,286 100
Utilisation of Proceeds
SWOT Analysis

Sorry, this feature only available for iSaham Pro