Saliran Group Berhad IPO's Analysis

Saliran Group Berhad

Saliran Group Berhad is a prominent supplier and distributor of pipes, fittings, flanges, and steel products. The company's offerings primarily support the oil and gas industry, providing essential components for industrial processing, refining, and manufacturing activities. Saliran also manufactures fittings and flanges tailored to custom specifications, enhancing its value proposition to clients. With a diversified customer base across Malaysia, Indonesia, Singapore, and other international markets, the group emphasizes quality and innovation in its operations.The company's commitment to excellence is bolstered by its experienced management team and extensive industry expertise, positioning it as a trusted partner in the infrastructure and energy sectors. Saliran was incorporated in 2020 and headquartered in Kuala Lumpur, Malaysia.

IPO Details
Market: ACE
Principal Adviser: Malacca Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (No)
Listing Price: 0.27
PE Ratio: 7.4-10.4
    PE (FYE): 10.42
    PE (FPE Annualised): 7.42
    PE (Hybrid): 9.87
MITI allocation?: Yes
Closing Date: 28-Feb-2025
Balloting Date: 04-Mar-2025
Listing Date: 13-Mar-2025
Oversubscription rate: 76.03x
Average Analysts FV :
TA (0.35)
iSaham IPO Score :
Market Cap: 103.38 M
Number of Shares: 382.90 M
IPO Allocations No. of Shares %
Malaysian Public 19.14 M 5.0%
Bumiputera shareholders approved by MITI 47.86 M 12.5%
Eligible Directors and employees 7.658 M 2.0%
Private placement to selected investors and others 44.025 M 11.5%
Total Allocations 118.69 M 31.0%

Offer for Sales of 38.29 M existing shares representing 10.0% enlarged shares.

Public Issue of 80.40 M new shares representing 21.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Establishment of a sales office in Indonesia 1,200 5.52
Expansion Purchase of machinery and delivery trucks 1,440 6.63
Working capital General working capital 8,368 38.55
Listing expenses Estimated listing expenses 3,700 17.05
Debt Repayment of bank borrowings 7,000 32.25
Total 21,708 100
Utilisation of Proceeds
Business Segments
Geographical Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
No Available Pro Insight yet
Saliran Group Berhad's Latest News