iDimension Consolidated Berhad IPO

iDimension Consolidated Berhad, a provider of manufacturing software solutions is scheduled to be listed in ACE Market on 11th November 2011.

The IPO consists of public issue of 38.2 million ordinary shares at an IPO price of RM0.38 per share with RM0.10 par value. Out of this, 5 million shares are allocated to Malaysian public, 28 millions for private placement to identified investors and 5.32 millions are for employees and business associates.

iDimension expect to raise RM14.5 million from its initial public offering (IPO). Of these, 34.42% will be used for expansion in key markets, 30.97% for research and development, 5.69% for working capital and 14.46% as capital expenditure. The remaining 14.46% are for listing expenses.

iDimension Consolidated Berhad was incorporated in 2001 as iSystems and received MSC status company in 2005. It is known for their APS solutions (iPass) which are targeted at semiconductor manufacturers. More information regarding the company can be found in iDimension webpage.

Currently, iDimension does not have any fixed dividend policy.

The table below is the financial summary for iDimension Bhd.

	FYE 2008	FYE 2009	FYE 2010
Revenue (RM’000)	7.685	11,993	14,950
Profit after Tax (RM’000)	4,033	6,489	8,240
Earnings per Share (sen)*	2.84	4.57	5.80
Price Earnings Ratio (x)*	13.38	8.32	6.55

* Based on number of shares post IPO

OSK Investment Bank is the sole principal adviser, managing underwriter, underwriter and placement agent for the IPO.

For those who are interested in iDimension IPO you may subscribed at ATM machines or via Internet Banking. The subscription period is opened until 2nd November 2011 at 5pm. Tentative balloting date is on 4th November while the allotment date is on 10th November 2011.

View iDimension Bhd prospectus in Bursa Malaysia webpage. iDimension Bhd stock name in Bursa Malaysia is “IDMENSN”. It is also classified as Shariah compliance stock

What do you think about iDimension IPO? Are you going to subscribe?