Paradigm Real Estate Investment Trust IPO's Analysis

Paradigm Real Estate Investment Trust

Paradigm REIT is a real estate investment trust established in Malaysia with the principal investment policy of investing in a diversified portfolio of income-producing real estate assets used for retail, commercial, office, industrial, and hospitality purposes. Upon listing, its initial asset portfolio will comprise three retail properties: Bukit Tinggi Shopping Centre in Klang, Selangor; Paradigm Mall PJ in Petaling Jaya, Selangor; and Paradigm Mall JB in Johor Bahru, Johor. The REIT is managed by Paradigm REIT Management SDN BHD and its trustee is RHB Trustees Berhad.

IPO Details
Market: MAIN
Principal Adviser: Maybank Investment Bank Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
Listing Price: 1.0
PE Ratio: 16.4
    PE (FYE): 16.4
    PE (FPE Annualised): -
    PE (Hybrid): -
MITI allocation?: Yes
Closing Date: 23-May-2025
Balloting Date: 28-May-2025
Listing Date: 10-Jun-2025
Oversubscription rate: 1.49x
Average Analysts FV :
Mplus (1.21), Kenanga (1.10)
iSaham IPO Score :
Market Cap: 1,600.00 M
Number of Shares: 1,600.00 M
IPO Allocations No. of Shares %
Malaysian Public 32.00 M 2.0%
Bumiputera shareholders approved by MITI 200.00 M 12.5%
Eligible Directors and employees 27.795 M 1.74%
Private placement to selected investors and others 300.205 M 18.76%
Total Allocations 560.00 M 35.0%

Offer for Sales of 560.00 M existing shares representing 35.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Listing expenses Professional and advisory fees 6,984 94.57
Listing expenses Regulatory fees 318 4.31
Listing expenses Printing, investor relations and other related expenses 83 1.12
Total 7,385 100
Analyst Highlights
Date Analyst Highlights
10-Jun-2025
Kenanga
  • Paradigm JB will likely propel decent net profit growth in the near to medium-term, thanks also to additional spaces requested by master-lease tenant AEON in Bukit Tinggi Shopping Centre.
21-May-2025
Mplus
  • Proactive asset management to drive rental growth and tenant retention.
Utilisation of Proceeds
Business Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
No Available Pro Insight yet
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