Inta Bina Group Berhad IPO

Inta Bina Group Berhad, a construction firm is scheduled to be listed in ACE Market of Bursa Malaysia on the 25th May 2017.

The Initial Public Offering (IPO) consists of 107.1 million new ordinary shares and offer for sale of 26.8 million existing shares at an IPO price of RM0.25 per share. 86.0 million shares will be for institutional investors, private placement & selected investors, 26.8 million shares made available for Malaysia Public and the remaining 20 million shares made available to the eligible directors, and employees and business associates/persons who have contributed to the success to the group.

The IPO will raise about RM26.76 million in proceeds. Out of this, RM5 million is for capital expenditure, RM9.56 million will be use for general working capital, RM9 millions for repayment of bank borrowings and the remaining RM3.2 million is for listing expenses.

The group, which has submitted bids for projects with the likes of Sime Darby and MK Land has a tenderbook of RM434.05 million for the period between Jan 1 and March 31.

The company also plan to enter the affordable housing segment through the usage of aluminium system formwork under the IBS. The usage of aluminium system formwork is best suited for affordable housing projects and will improve cost competitiveness in the long run as it will reduce project labour cost and shorten the construction period.

More information regarding the company can be found in Inta Bina Group Berhad webpage.

For the time being, Inta Bina Group does not have any fixed dividend policy.

The table below is the financial summary of Inta Bina Group .

FYE 2014 FYE 2015 FYE 2016
Revenue (RM’000)  245,821  271,939  257,136
Profit after Tax (RM’000)  10,591  11,510  12,726
Earnings per Share (sen)*  1.98  2.15  2.38
Price Earnings Ratio (x)*  12.63 11.63  10.52

* Based on number of shares post IPO
M&A Securities is the adviser, sponsor, underwriter and placement agent of the IPO.

On the Moratorium on shares, the promoters of Inta Bina Group IPO will not be able to sell, transfer or assign their entire shareholdings for a period of 6 months from the date of listing.

For those who are interested in Inta Bina Group IPO, you may subscribe at ATM machines or via Internet Banking.

The retail subscription period is opened until 15th May 2017 at 5pm. Tentative balloting date is on 17th May while the allotment date is on 23rd May 2017. Inta Bina Group stock name in Bursa Malaysia is “INTA”.

View Inta Bina Group prospectus in Bursa Malaysia webpage.

What do you think about Inta Bina Group IPO? Are you going to subscribe?

1 comment… add one
  • Any idea why it goes for ACE market instead of main market? IINM Intan Bina should be able to list in main market right?


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