ABM Fujiya Berhad IPO

ABM FujiyaABM Fujiya Bhd, a automotive battery manufacturer based in Kuching, Sarawak is scheduled to be listed in Main Market of Bursa Malaysia on 23rd July 2013.

The Initial Public Offering (IPO) consists of public issues of 23 million new ordinary shares and offer for sale of 9 million ordinary shares at an IPO price of RM0.60 per share and RM0.50 par value.

Out of this, 10.5 million shares are allocated for application by Malaysian public and 4.5 million shares reserved for the eligible directors, employees & business associates. The remaining shares are for private placement.

The IPO exercise is expected to raise RM13.8 million and the proceeds will be used for repayment of bank borrowings (6 million), working capital (6 million) and payment of listing expenses (RM1.8 million).

More information about ABM Fujiya can be found in their website.

Currently, ABM Fujiya does not has any fixed dividend policy.

The table below is the financial summary for ABM Fujiya Bhd.

FYE 2008 FYE 2009 FYE 2010 FYE 2011 FYE 2012
Revenue (RM’000)  145,313 126,329 127,237 127,885 134,262
Profit after Tax (RM’000)  11,044 8,499 12,817 8,090 6,709
Earnings per Share (sen)*  6.14 4.72 7.12 4.49 3.73
Price Earnings Ratio (x)*  9.78 12.71 8.43 13.35 16.10

* Based on number of shares post IPO

AmInvestment Banks is the sole adviser, underwriter and placement agent of the IPO

For those who are interested in ABM Fujiya IPO, you may subscribe at ATM machines or via Internet Banking. The subscription period is opened until 5th July 2013 at 5pm. Tentative balloting date is on 9th July 2013 while the allotment date is on 19th July 2013.

ABM Fujiya stock name in Bursa Malaysia is “AFUJIYA”.

View ABM Fujiya prospectus in Bursa Malaysia webpage.

What do you think about ABM Fujiya IPO? Are you going to subscribe?

4 comments… add one
  • anyone gonna apply for this IPO? someone related to taib is in the company. page 39 in the IPO prospectus.

  • Bro, in ? macam bagi orang goreng jer..

    • No lah… I plan to go for Ranhill Energy. How about yourself?

  • I have thus far not tried only any IPO of late. My last one was UOADEV. 🙂 All the best to all ya!


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