Pantech Global Berhad IPO's Analysis

Pantech Global Berhad

Pantech Global Berhad is specializes in manufacturer and supplier of high-quality piping products and solutions. The company specializes in producing stainless steel and carbon steel pipe fittings, including elbows, reducers, tees, stub ends, and end caps, catering to industries such as oil and gas, petrochemical, and construction. Pantech Global also provides value-added services, including pipe cutting and coating, enhancing its comprehensive offering. With operations adhering to global standards like ASME and ASTM, the company demonstrates a commitment to excellence, sustainability, and innovation, serving clients both domestically and internationally. Pantech Global was incorporated in 2024 and headquartered in Selangor, Malaysia.

IPO Details
Market: MAIN
Principal Adviser: Alliance Islamic Bank Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: SC (Yes)
Listing Price: 0.68
PE Ratio: 10.8-12.2
    PE (FYE): 11.62
    PE (FPE Annualised): 10.84
    PE (Hybrid): 12.21
MITI allocation?: Yes
Closing Date: 19-Feb-2025
Balloting Date: 24-Feb-2025
Listing Date: 03-Mar-2025
Oversubscription rate: 44.93x
Average Analysts FV :
Mplus (0.92), RHB (0.75), TA (0.88), Mercury (0.88), Apex (0.82)
iSaham IPO Score :
Market Cap: 578.00 M
Number of Shares: 850.00 M
IPO Allocations No. of Shares %
Malaysian Public 21.25 M 2.5%
Bumiputera shareholders approved by MITI 106.25 M 12.5%
Eligible Directors and employees 29.75 M 3.5%
Private placement to selected investors and others 104.978 M 12.35%
Total Allocations 262.23 M 30.85%

Public Issue of 262.23 M new shares representing 30.85% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Business expansion 67,320 37.75
Expansion Capital expenditure 64,680 36.27
Working capital Working capital 22,715 12.74
Listing expenses Estimated listing expenses 8,600 4.83
Debt Repayment of bank borrowings 15,000 8.41
Total 178,315 100
Utilisation of Proceeds
Business Segments
Geographical Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
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