ACE Market-bound Optimax to raise RM21m for expans
KUALA LUMPUR (July 15): Eye specialist service provider Optimax Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Aug 18, is planning to raise RM21 million from its initial public offering (IPO) at 30 sen per share mainly to fund its expansion plan.
With some 70 million shares to be issued, this means the company would be valued at RM81 million upon listing.
Optimax said the proceeds will be mainly utilised for capital expenditure (capex) (49.3%), repay borrowings (16.8%), working capital (16.8%) and expected listing expenses (17.1%).

Speaking at its virtual press conference for the launch of its prospectus today, its chief executive officer Sandy Tan said the capex entails the acquisition of two units of three-storey terraced shops or offices in Seremban and the purchase of equipment to equip the buildings as an ambulatory care centre, as well as for the company’s existing specialist centres.
“We are expanding it from a smaller centre previously following larger demand for eye healthcare services in Seremban.

“We also plan to increase our manpower by getting three more ophthalmologists for the Seremban centre,” Tan said, adding that the company is planning to bring more of the latest technology in terms of eye check-up machineries and equipment to expand its capacity.
Optimax said it has allocated RM5 million from its IPO proceeds to purchase new operation equipment and tools for its existing specialist centres for the provision of its eye specialist services.
Some of the equipment and tools include phaco machine, pentacam, angio optical coherence tomography and fundus camera.
Asked about the timing for Optimax’s listing amid the current Covid-19 pandemic, Tan said: “We have started it (listing plan) from two years ago, and we finally got the approval during this period of time. We believe that even with this pandemic, because of the nature of our business, there will not be much impact.”
“Once the movement control order (MCO) was lifted, the number of patients [has] gradually increased and patients are coming back for their eye check-up and surgeries. And we believe that we can hit management's internal target for 2020,” said Tan, without disclosing any figures.

For the financial year ended Dec 31, 2019 (FY19), its net profit grew 75.84% to RM8.74 million, from RM4.97 million in FY18, while revenue was up 27.19% to RM62.62 million from RM49.23 million.
Tan noted that the pandemic has affected many businesses around the globe, including Optimax’s. But part of its operations remained open during the MCO period as the nature of its business is deemed as essential services.
Now that the MCO has been relaxed, Tan said patients have been increasing and business has been recovering.
Affin Hwang Investment Bank Bhd’s head of equity capital markets Arvin Chia expressed his confidence on Optimax’s listing given the level of interest shown by institutional investors towards the company.
“Even prior to the prospectus launch, we have overwhelming interest coming in from potential investors.
“We are confident as Optimax is in the healthcare services industry and if you look at the healthcare stocks on Bursa, they are trading at a healthy multiple and have held up even during the pandemic,” said Chia.

Affin Hwang is the sole principal adviser, placement agent, underwriter and sponsor for the IPO.
Optimax, through its group of subsidiaries, is principally involved in the provision of eye specialist services and offers a range of services with in-house expertise in medical ophthalmology at its specialist centres.
It provides treatments relating to eye and vision difficulties or impairment covering refractive error, cataract, glaucoma, macular degeneration, diabetic retinopathy, and other eye diseases and disorders.

This post has been edited by kailc: Jul 16 2020, 03:32 PM

Timetable for IPO
OPTIMAX HOLDINGS BERHAD

Opening of application 15 Jul 2020
Closing of application 04 Aug 2020
Balloting of application 06 Aug 2020
Allotment of IPO shares to successful applicants 14 Aug 2020
Tentative listing date 18 Aug 2020

Thanks bro!..

Is this Shariah Compliant?.. Try to search for it, but getting different results.

almost 3 week for closing date
long time to think over

walauwei the place i lasik my eyes now going listed

u plan to apply the shares

What do you think about the prospect of the company?

They are specialize in cataract treatment. No sure how many people will visit them for treatment since they are other competitors are doing it also.

Me too

Buy Buy Buy

“We are confident as Optimax is in the healthcare services industry and if you look at the healthcare stocks on Bursa, they are trading at a healthy multiple and have held up even during the pandemic,” said Chia.

Tak kan covid increase number of ppl who require eye surgery..

but still, will try

This post has been edited by pisces88: Jul 24 2020, 11:37 PM

Nowadays all IPO crazy. Buy!

u guys familiar with IPO?
I know its ballot and varies from counter to counter.

on average, for every 100 lot application, roughly how many likely to get?

I believe in optimax - one of the cheapest. BUY.

what I know..

1k shareholders minimum...

so u play with that numbers... for the allocation...

thanks for the info, for sure there will be more than 1k ppl apply.

Update: i roughly found the answer myself.

http://www.mih.com.my/index.php/ipo-s/ipo-press-release

just need to study some past allocations, then u can get rough idea d.

This post has been edited by lamode: Jul 25 2020, 02:21 PM

https://disclosure.bursamalaysia.com/FileAc..._DS_ATTACHMENTS

page 29 of 206 will give u some hints.

applied.

hope can make 5 cents from this share if dapat 6 lots,
my profit is rm300..enaf for 1 week lunch and dinner,
what said u

good luck! its quite possible, as recently IPO all shot up on day 1.
i am planning to go all in for high probability

trying luck in ballot again
100k units

may i know how do I apply for this ipo ?

I am using RT platform .. is that available?

thanks...

Hi how do I apply for the IPO with hlebroking ?

Oh managed to find out how
Hlebroking doesn’t have this function
Can use m2u, pbe etc

applied. good luck!

maybe i get on day 1

You can't buy IPO from RT.

IPO Applications are through bank's portal... not broker's portal

Any Analyst report on OPTIMAX ?

theres 1 by TA with TP of RM0.40.

They are not known to be aggressive in their IPO valuation but i dont think IPO prices today are driven purely by value anyway.

Look at both Reservoir Link and Ocean Vantage which analyst reported little upside but proven otherwise by the market. Only TCS was a little optimistic but market further stretched the expectation

https://www.theedgemarkets.com/article/publ...-optimax-51-sen

Applied 270k lot
Good luck everyone !!!

wow. 8.1 million cold hard cash..... very rich rich

for this category, confirm you will get some allotment.

How do you submit your application?

Actually if i applied IPO for large amount, is it possible that only some of them will be matched ? Or just either all successfully subscribed or not getting them at all?

Don't really understand what u trying to say 🤔

Anyway..
If successful.. it's depends on allocation..
Example.. apply 20k shares.. u get only around 12k like that. Maybe lower too... Rarely u get full 20k allocation unless it's undersubcribe....

Ya this is what i'm trying to ask.
Anyway thanks for your reply!

Newbie here, after applied and won

How to sell ?

You can't
Need to hold for one year at least

Tq for the info

Don’t provide misleading information. Actually you can sell it on the first listing day on secondary market.

haha

Why give wrong information to people who is asking..what you get? shame on you

Ipo can be sold the moment it listed

so u applied 270,000 x 100 = ‭27,000,000‬ shares?
sorry to break the news that if selected, u would only get same amount of allocated share as those applied for 2 mil shares.

http://www.mih.com.my/index.php/ipo-s/ipo-press-release

likely to be 40k allocated shares, if luckly, the max would be 50k share only.

applied 1100 lots

🥱🥱🥱🥱

You think I am his primary school teacher and paid to teach him ar
There is something call Google fyi
Don't expect everything to be spoon feed in this society

This post has been edited by dz91: Aug 5 2020, 09:37 AM

we dont need people like you here

OPTIMAX IPO oversubscribe by 30x !!!!

If you don't know, don't answer lah... misleading aje.

it doesn't matter you apply the min of that category or any upper amount, you still have your money back for those portion which were not subscribed by you. and he will certainly get the highest allocation as per the public allocation table.

what's the issue?

If we kena the "ballot", how fast is the refund of the balance ? Is it the same as "tak kena" refund ?

it depends if they put you into which category, partial refund? or reserve list.

partial refund is faster than reserve list.

but it only takes a few days. it won't be very long. anyway, when you invest these money, it is not the money you use to buy diaper etc, so shouldn't be part of your emergency fund.
the listing is coming up in mid august, so i suspect at most also 2 weeks wait?

What's a "reserve" list ?

reserve list = in case of someone who has already been allocated but disqualified, then those on the reserve will come up and replace.

Something new I learn today.
Disqualified like those apply from multiple banks ? or wrong race ?

How u guys get the public allocation table?

Wow. U guys are rich. I only 100 lot

100 x 100 = 10000 units ok lah

Check result here : http://www.mih.com.my/index.php/ipo-s/ipo-press-release

So before ballot just can predict by seeong the precious ones? Coz i see those are past ipo

You can estimate the % chance and actual allotment

there is no issue, only highlighting it does not provide any advantage than just sticking to the min amount of the tier.

personally i would prefer to put the balance of RM 7.5 mil elsewhere, and at the rate of 2% per annual, that would means slightly over 2k of interest for 5 days.

This post has been edited by lamode: Aug 5 2020, 01:54 PM

yes possible.

yup, agree with you. you got a point there.

Wow RM 8.1mil congrats!

when will know the result? 06 aug or 14 aug

14

not today?

Timetable for IPO
OPTIMAX HOLDINGS BERHAD

Opening of application 15 Jul 2020
Closing of application 04 Aug 2020
Balloting of application 06 Aug 2020
Allotment of IPO shares to successful applicants 14 Aug 2020
Tentative listing date 18 Aug 2020

Results of balloting will be today!

This post has been edited by Republic: Aug 6 2020, 03:13 PM

how do we know if we got it? any notification?

Check your bank of the eIPO status. it will be shown there ..probably check tonight or tomorrow morning.
IF you see the money refunded..then you fail to get the IPO.

ok noted, thanks for the reply.

wonderful, i hope i dont get REFUNDED

A total of 16,258 applications for 1,121,418,500 IPO Shares were received from the Malaysian public for 13,500,000 IPO Shares made available for public subscription, representing an overall oversubscription rate of 82.07 times.

https://www.bursamalaysia.com/market_inform...?ann_id=3075297

This post has been edited by kailc: Aug 6 2020, 07:32 PM

actually its 110.89 times for non bumi public.

GG lah this time. Damn hard to get selected.

who is going to whack more at opening?

because i am

Wow..
82.07 times oversubscribed..

BBB mode on? 🤑

http://www.mih.com.my/index.php/ipo-s/ipo-press-release

This has got to be some kind of record as far as IPO oversubscription is concerned. Sure hope to get some, I missed couple of good opportunities the past few days for parking a huge chunk of my funds here

Even with 2 million units you only have less than 50% chance, I guess the only sure win fella is the person who says he subscribe 27 million units previously...LOL

maybank belum nampak refund. got chance?

My maybank still pending

Usually need wait till 7pm today then can see results.

so fast?
i thought need 2 to 4 market days?

Usually Maybank process quite fast. Next business day after ballot day can get results.

got refunded on affin bank d

Better luck next time... nothing shown on MBB

Me too MBB still pending

congrats those allocated..

very hard to get this time...

Mbb refunded

Thanks god

Maybank2U
Status : Waiting List
Partial/Successful Amount : RM3,000

Allocated = 10,000 shares

My status is unsuccessful but not refunded yet!!

Didn't apply but curious to see performance.
When stock first day on Bursa?
Can limit up?

When you applied ?


applied 10000 also, satu pun xkena....

Applied 200,000 shares, normally I would try to my luck a few days before closing. Have tried to apply on the closing days itself but always unsuccessful, not sure it's a "thing" or not

Applied how many unit to get 10000 allocated?

Edited : I got the answer already !

This post has been edited by ThEoN86: Aug 7 2020, 09:34 PM

which bank? Maybank already refund. cimb not yet

So this one RM1800 means I get those shares for sure or what?