ManagePay Systems Bhd, a technology solutions provider focusing on a variety of ICT and technology-related business, is schedule to be listed in ACE Market on 15th March 2011.
ManagePay Systems’s IPO consists of 45.8 million ordinary shares at an IPO price of RM0.16 per share with RM0.10 par value.
9.2 million shares will be allocated for the Malaysian public, 3.7 million shares for eligible employees and 32.9 million shares will be for private placement to identified investor. The IPO will raise in RM7.3 million in proceeds.
Among the business that ManagePay Systems involved are Java software development, e-business consultancy services, telecommunication equipment sales and Smart Card technologies for mobile operators. More information can be found in ManagePay System webpage.
For the time being, ManagePay Systems have no dividend policy but the company may pay dividend subjected to various factor such as having profit and excess funds.
The table below are financial summary for ManagePay Systems.
| FYE 2007 | FYE 2008 | FYE 2009 | FPE 2009 | FPE 2010 | |
|---|---|---|---|---|---|
| Profit after Tax (RM’000) | 409 | 1136 | 3416 | 2979 | 2404 |
| Earnings per Share (sen) | 0.3 | 0.83 | 2.49 | 2.17 | 1.75 |
| Price Earnings Ratio (x) | 53.7 | 19.33 | 6.43 | 7.37 | 9.14 |
OSK Investment Bank Bhd is the sole adviser, underwriter and placement agent of the IPO.
For those who are interested in ManagePay Systems IPO you may subscribed at ATM machines or via Internet Banking. The subscription period is opened until 2nd March 2011 at 5pm. Tentative balloting date is on 4th March while allotment date is on 9th March 2011.
View ManagePay Systems Bhd prospectus in Bursa Malaysia webpage. ManagePay Systems Bhd stock name in Bursa Malaysia is “MPAY”.
What do you think about ManagePay Systems IPO? Are you going to subscribe?
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It’s cheap, but will you tap this one?