Ideal Jacobs (Malaysia) Corporation Bhd, a manufacturer of industrial labels and nameplates is schedule to be listed in ACE Market on 18th May 2011.
The IPO consists of public issue of 30 million new ordinary shares at an IPO price of RM0.27 per share with RM0.10 par value. Out of this, 2 million shares are allocated to Malaysian public.
On top of new shares issues, 28 millions of existing shares are for sale to identified investors.
The IPO will raise RM8.1 million in proceeds. Out of this, RM800,000 would be used to construct an industrial label manufacturing plant in the northern part of the country, RM1 million would be used as working capital, RM1.5 million would be used for the establishment of an industrial label manufacturing plant in Suzhou, China and another RM1 million would be used to launch a new production line at its factory in Thailand which produces engineered thermoplastic composite products.
Ideal Jacobs was established in 18th May 2009 and their principal activity was manufacturing industrial labels, nameplates and laser/die-cut products and fabrication of plastic parts. Currently, Ideal Jacobs have two subsidiary in China and Thailand respectively. More information regarding the company can be found in Ideal Jacobs webpage.
Ideal Jacobs have no fixed dividend policy. Any dividends declaration is subjected to board and shareholders approval.
The table below is financial summary for Ideal Jacobs Corporation Bhd.
| FYE 2007 | FYE 2008 | FYE 2009 | FPE Oct 2009 | FPE Oct 2010 | |
|---|---|---|---|---|---|
| Revenue (RM’000) | 4,106 | 7,563 | 14,208 | 11,069 | 13,407 |
| Profit after Tax (RM’000) | 1,032 | 1,848 | 4,946 | 4,307 | 3,645 |
| Earnings per Share (sen) | 1.15 | 2.05 | 5.50 | 5.74 | 4.86 |
| Price Earnings Ratio (x) | 23.55 | 13.15 | 4.91 | 5.64 | 6.67 |
MIDF Amanah Investment Bank is the sole principal adviser, managing underwriter, underwriter and placement agent for the IPO.
For those who are interested in Ideal Jacobs IPO you may subscribed at ATM machines or via Internet Banking. The subscription period is opened until 6th May 2011 at 5pm. Tentative balloting date is on 10th May while allotment date is on 16th May 2011.
View Ideal Jacobs Bhd prospectus in Bursa Malaysia webpage. Ideal Jacobs Bhd stock name in Bursa Malaysia is “IJACOBS”.
What do you think about Ideal Jacobs IPO? Are you going to subscribe?
PE looks good but no dividend policy declared.
Worth to subscribe?
what range of subscription will be best for getting the IPO (eg this? ) 10,000 or?
I think this is a good company. Ideal Jacobs is US based company & was in business in US since 1920s. 40% of shares of Ideal Jacobs Malaysia are belong to their parent in the US.
With the small number of shares available, it will be very difficult to get. By looking at previous ballot, anything less than 100,000 shares have small chance to get.