Wawasan Dengkil Holdings Berhad IPO's Analysis

Wawasan Dengkil Holdings Berhad

Wawasan Dengkil Holdings Berhad (WDHB) is focusing on providing comprehensive construction services. The company specializes in earthworks and civil engineering activities, including site clearing, drainage system installation, and roadworks, supporting diverse projects such as residential developments, renewable energy facilities, and commercial infrastructures. WDHB also engages in the trading of essential construction materials, including sand, stone, and earth, alongside offering rental services for a wide range of machinery and commercial vehicles, such as bulldozers, excavators, and tipper trucks. Through these integrated operations, WDHB caters to a broad client base, encompassing property developers, renewable energy enterprises, and government-linked organizations. WDHB was incorporated in 2023 and headquartered in Dengkil, Selangor, 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: 0.25
PE Ratio: 11.2-11.9
    PE (FYE): 11.9
    PE (FPE Annualised): 11.23
    PE (Hybrid): 11.48
MITI allocation?: Yes
Closing Date: 11-Mar-2025
Balloting Date: 13-Mar-2025
Listing Date: 25-Mar-2025
Oversubscription rate: 17.39x
Average Analysts FV :
Mplus (0.37), TA (0.29)
iSaham IPO Score :
Market Cap: 135.03 M
Number of Shares: 540.13 M
IPO Allocations No. of Shares %
Malaysian Public 27.01 M 5.0%
Bumiputera shareholders approved by MITI 67.52 M 12.5%
Eligible Directors and employees 10.803 M 2.0%
Private placement to selected investors and others 56.711 M 10.5%
Total Allocations 162.04 M 30.0%

Offer for Sales of 54.01 M existing shares representing 10.0% enlarged shares.

Public Issue of 108.03 M new shares representing 20.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Purchase of machineries and commercial vehicles 7,580 28.1
Working capital Project working capital 9,850 36.5
Working capital General working capital 1,426 5.3
Others Office renovations 300 1.1
Listing expenses Estimated listing expenses 4,000 14.8
Debt Repayment of bank borrowings 3,850 14.2
Total 27,006 100
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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