Chemlite Innovation Berhad IPO's Analysis

Chemlite Innovation Berhad

Chemlite Innovation Berhad, incorporated in May 2024 and headquartered in Penang, Malaysia, is a key player in the engineering support industry, specializing in surface finishing treatment services. The company offers comprehensive metal plating techniques, including electroplating and electroless plating, as well as non-metal plating methods such as anodizing. These services cater to industries like semiconductor, electronics, and machinery, enhancing product functionality and aesthetics. With a robust technical team, advanced facilities, and a commitment to quality, Chemlite serves major markets in Malaysia and the Philippines, providing tailored solutions to meet diverse customer needs.

IPO Details
Market: ACE
Principal Adviser: UOB Kay Hian Securities (M) Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.25
PE Ratio: 16.23
    PE (FYE): 16.23
    PE (FPE Annualised): -
    PE (Hybrid): -
MITI allocation?: Yes
Closing Date: 12-Mar-2025
Balloting Date: 14-Mar-2025
Listing Date: 26-Mar-2025
Oversubscription rate: 28.41x
Average Analysts FV :
TA (0.29), Mplus (0.40), Mercury (0.36)
iSaham IPO Score :
Market Cap: 150.00 M
Number of Shares: 600.00 M
IPO Allocations No. of Shares %
Malaysian Public 30.00 M 5.0%
Bumiputera shareholders approved by MITI 75.00 M 12.5%
Eligible Directors and employees 21.0 M 3.5%
Private placement to selected investors and others 54.0 M 9.0%
Total Allocations 180.00 M 30.0%

Offer for Sales of 60.00 M existing shares representing 10.0% enlarged shares.

Public Issue of 120.00 M new shares representing 20.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Expansion of Group's facility 7,800 26
Expansion Set-up of cleanrooms 7,000 23.33
Expansion Capital expenditure on machineries and equipment 1,000 3.33
Expansion Establish a research and development department 500 1.68
Working capital Working capital 4,200 14
Listing expenses Estimated listing expenses 4,000 13.33
Debt Repayment of bank borrowings 5,500 18.33
Total 30,000 100
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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