3Ren Berhad IPO's Analysis

3Ren Berhad

3REN Berhad is specialize in automation solutions and engineering services. The company provides a range of services, including product engineering, engineering support for integrated circuit assembly and testing, and the design, development, and sale of digitalized solutions and automated equipment. These services cater primarily to the semiconductor and electronics industries, and also extend to manufacturing sectors such as automotive, healthcare, and municipal services. 3REN's focus on innovation allows it to deliver advanced automated systems tailored to various industrial needs. 3Ren was incorporated in 2021 and is headquartered in Bukit Mertajam, Penang, Malaysia.

IPO Details
Market: ACE
Principal Adviser: KAF Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.28
PE Ratio: 14.5-19.0
    PE (FYE): 15.73
    PE (FPE Annualised): 19.04
    PE (Hybrid): 14.5
MITI allocation?: Yes
Closing Date: 23-Oct-2024
Balloting Date: 25-Oct-2024
Listing Date: 06-Nov-2024
MITI Payment Date: 09-Oct-2024
Oversubscription rate: 84.06x
Average Analysts FV :
Mplus (0.45), Public Invest (0.34), Apex (0.42), TA (0.32), RHB (0.34)
iSaham IPO Score :
Market Cap: 182.00 M
Number of Shares: 650.00 M
IPO Allocations No. of Shares %
Malaysian Public 32.50 M 5.0%
Bumiputera shareholders approved by MITI 48.80 M 7.51%
Eligible Directors and employees 30.0 M 4.62%
Private placement to selected investors and others 43.7 M 6.72%
Total Allocations 155.00 M 23.85%

Offer for Sales of 45.00 M existing shares representing 6.92% enlarged shares.

Public Issue of 110.00 M new shares representing 16.92% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Establishment of new Singapore office 3,000 9.74
Working capital Working capital requirements 3,900 12.66
Others Setting up new Delivery Centres 7,200 23.38
Others R&D expenditure 5,100 16.56
Listing expenses Estimated listing expenses 4,000 12.99
Debt Repayment of bank borrowings 7,600 24.67
Total 30,800 100
Utilisation of Proceeds
Business Segments
Geographical Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
No Available Pro Insight yet
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