Signature Alliance Group Berhad IPO's Analysis

Signature Alliance Group Berhad

Signature Alliance Group Berhad (SAG), incorporated in 2024 and headquartered in Kajang, Selangor, Malaysia, is a leading provider of interior fitting-out services and building construction solutions. The company focuses on delivering comprehensive project execution, encompassing design customization, production, and installation of high-quality carpentry, joinery, and wooden furniture. SAG also specializes in crafting integral fixtures and implementing tailored air-conditioning ducting systems to meet specific client requirements. Additionally, the company provides on-demand maintenance services to ensure the long-term performance and quality of its completed projects. With a focus on precision, craftsmanship, and ensuring quality delivery, SAG is recognized for its expertise in meeting the interior fitting-out and construction needs of residential, commercial, and industrial projects in Malaysia.

IPO Details
Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.62
PE Ratio: 15.3
    PE (FYE): 15.3
    PE (FPE Annualised): -
    PE (Hybrid): -
MITI allocation?: Yes
Closing Date: 21-May-2025
Balloting Date: 23-May-2025
Listing Date: 05-Jun-2025
Oversubscription rate: 1.12x
Average Analysts FV :
RHB (0.67), Mplus (0.88), TA (0.68)
iSaham IPO Score :
Market Cap: 620.00 M
Number of Shares: 1,000.00 M
IPO Allocations No. of Shares %
Malaysian Public 50.00 M 5.0%
Bumiputera shareholders approved by MITI 125.00 M 12.5%
Eligible Directors and employees 30.0 M 3.0%
Private placement to selected investors and others 35.0 M 3.5%
Total Allocations 240.00 M 24.0%

Public Issue of 260.00 M new shares representing 26.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Setup of corporate office and production facility in Selangor 88,000 54.6
Expansion Purchase of machinery and equipment 4,000 2.5
Expansion Expansion/ establishment of branch offices in Pulau Pinang and Johor 12,000 7.4
Working capital Working capital 30,140 18.7
Listing expenses Estimated listing expenses 7,060 4.4
Debt Repayment of bank borrowings 20,000 12.4
Total 161,200 100
Analyst Highlights
Date Analyst Highlights
20-May-2025
TA
19-May-2025
RHB
  • SAG aims to raise MYR161.2m from its IPO, primarily to fund the setting up of a new corporate office and production facility in Selangor, as well as for working capital.
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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