Camaroe Berhad IPO's Analysis

Camaroe Berhad

Camaroe Berhad, through its subsidiaries, is principally involved in the farming and processing of prawns, primarily black tiger prawns. The Group operates 149 ponds across 5 coastal prawn farms in Selangor, Pahang, and Terengganu, and a processing facility in Kapar, Selangor. Its integrated operations allow for full control over the supply chain, from farming to processing and exporting frozen black tiger prawns in customised packaging under customers' brand names. The Group's main export markets are in the Asia-Pacific region, including China, South Korea, and Taiwan. While its primary focus is on black tiger prawns, the company also sources and supplies live or chilled vannamei shrimps upon request from local customers.

IPO Details
Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Shariah Status: SC (No)
Listing Price: 0.14
PE Ratio: 5.8-27.2
    PE (FYE): 8.59
    PE (FPE Annualised): 27.2
    PE (Hybrid): 5.82
MITI allocation?: Yes
Closing Date: 12-Sep-2025
Balloting Date: 18-Sep-2025
Listing Date: 02-Oct-2025
Oversubscription rate: 15.26x
Average Analysts FV :
Mplus (0.17), TA (0.14)
iSaham IPO Score :
Market Cap: 69.30 M
Number of Shares: 495.00 M
IPO Allocations No. of Shares %
Malaysian Public 24.75 M 5.0%
Bumiputera shareholders approved by MITI 61.88 M 12.5%
Eligible Directors and employees 12.375 M 2.5%
Private placement to selected investors and others 49.5 M 10.0%
Total Allocations 148.50 M 30.0%

Offer for Sales of 49.50 M existing shares representing 10.0% enlarged shares.

Public Issue of 99.00 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 New Bukit Raja Processing Facility 6,890 49.71
Expansion Purchase of machinery and equipment 725 5.23
Working capital General working capital 960 6.93
Others Installation of solar panels 385 2.78
Others Establishment of a biotechnology department 1,000 7.21
Listing expenses Estimated listing expenses 3,900 28.14
Total 13,860 100
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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