KUALA LUMPUR (April 22): Pekat Group Bhd, a solar photovoltaic (PV) and earthing and lightning protection (ELP) specialist, has inked an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its initial public offering (IPO) exercise to list on the ACE Market of Bursa Malaysia.

Its IPO entails the issuance of 138.67 million new shares in the group, representing 21.5% of its enlarged issued share capital. As part of its listing exercise, the existing shareholders of the company will also make an offer for sale of 32.25 million shares to selected investors by way of private placement, according to Pekat in a statement today.

“Under the agreement, M&A Securities will underwrite a total of 48.37 million new shares made available for the Malaysian public and its eligible directors, employees as well as persons who have contributed to Pekat group’s success.

“The remaining 90.30 million new shares will be placed out to selected Bumiputera investors approved by the Ministry of International Trade and Industry and selected investors," Pekat said.

Besides being the underwriter, M&A Securities is also the adviser, sponsor and placement agent for Pekat's IPO.

Pekat managing director Chin Soo Mau said the listing will enable the group to raise funds for a new head office and operational facility, as it expands its solar PV and ELP businesses.

“Proceeds from the IPO would generally be used to expand our operations to take advantage of the upcoming growth in the solar PV industry, which will help us to expand our current capabilities," he said.

Part of the proceeds will also be used for working capital, in particular for the purchase of materials for its projects such as solar PV modules, solar PV inverters and ELP products and accessories, repayment of bank borrowing and to defray estimated listing expenses.

“To tap into the growing business opportunities, we require more skilled employees and financial resources. These two are crucial for us to secure more contracts, implement more projects concurrently and provide more maintenance services,” Chin added.

Apart from Chin, Pekat's substantial shareholders include its executive directors Tai Yee Chee and Wee Chek Aik, and Hextar Holdings Sdn Bhd. The latter is also a major shareholder of Main Market-listed Hextar Global Bhd.

Other than the design, supply and installation of solar PV systems and power plants, Pekat also supplies and installs ELP systems as well as distribute electrical products and accessories.

Its solar PV services cover the entire scope of work of a solar PV project from site assessment, design and application for regulatory approvals, procurement of components to system installation and commissioning, Pekat said. It also provides operations and maintenance services of solar PV systems.

By the edge
Tan Choe Choe

solar PV company...
got good propects
looking forward...

i smell something gorengable here

This post has been edited by sl3ge: Apr 23 2021, 08:19 PM

hope this time I become a gorenger , not a gorengee.....

It took them about 5 years to ipo, but seems very good business prospect as we move towards more green energy initiatives

Anybody can share tips what to focus when studying the prospectus?

go through it slowly, the usual sections like the risks, details of the ipo, business overview, and management discussion and analysis. for me, those are the key sections for one to dive into to know the company.

anyone know where to download the prospectus? i tried looking it in SC website but its not there.

Some notes of Pekat Group Berhad's initial prospectus.
The IPO Price is RM0.32 and P/E offer is nearly 14x, so I think still consider reasonable.

https://jaxxsblog.blogspot.com/2021/05/ipo-...oup-berhad.html

very nice prospects
looking forward to this

This year..
Many IPOs expected...
Year of the IPOs...
Prepared your 💸💵 first... And pray lady luck with u ❤️🙏💪

need to prepare bullet at least rm20k..
any idea next IPO that will offer by bank??

see how much u can afford...
not everyone has 20k

anyway...
I think next one is Nestcon Bhd... Ace Market
first or second week of June opens

Later Pekat IPO Prospectus will be released, I checked with its issuing house's employee yesterday.

Just a introduction on Pekat Group (trying to add subtitles now)
https://youtu.be/ff6Eu1RF0l0

PEKAT GROUP BERHAD

Issue Price (RM) : 0.32

Shares Offered To Malaysian Public : 32,248,600

Bursa Malaysia Board : ACE Market

Opening Date : 02 Jun 2021

Closing Date : 10 Jun 2021

Ballot Date : 14 Jun 2021

Listing : 23 Jun 2021

Solar PV and ELP company Pekat Group to raise RM44.38m from IPO

Pekat plans to use RM18mil (40.6%) raised from the initial public offering (IPO) to build a new head office and for its factory as expands its operations to tap into the fast-growing solar PV industry.

Its new head office, with a total built-up area of 114,252 sq ft, will include its showroom, central monitoring station, training centre, workshop and warehouse.

The new head office -- which will showcase its solar PV facility business, integrated management, monitoring and assessment platform -- is expected to be completed and operational by December 2023.

Out of the remaining IPO proceeds, Pekat will use RM12.70mil (28.6%) for working capital including purchasing of materials for its projects such as solar PV modules, solar PV inverters and ELP products and accessories.

https://www.thestar.com.my/business/busines...m4438m-from-ipo

This post has been edited by nexona88: Jun 2 2021, 04:31 PM

https://www.pekat.com.my/about-us/

I got error. This doesn't look good to investors. First day IPO webpage down. I wonder is it intentional or not. I may avoid because of this.

Seems the name give me a bad feeling. Just like T.setia….

True. Not a good ipo imo

Wow, good for people who can't read English.

first time in Malaysia?

we got long history of webpage down/crash...

from AZ vaccine to Astro D+ Hotstar yesterday

Here`s the Prospectus.

https://www.bursamalaysia.com/market_inform...?ann_id=3163485

I sell sticker to them so I got pink slip

So many solar established counter ady. Hmm…. LSS4 also awarded… Too pekat, boss, tolong tambah air…. Better monitor market volatility first. Especially today is the 2nd day of FMCO. Will skip this.. any other upcoming IPOs that will be convincing? 😅

Especially recently the SD auditor issue making the Bursa looks so bad…

This post has been edited by Deathscythe@@: Jun 2 2021, 08:37 PM

Time to goreng

Im gonna say all in

Im looking forward for it... try up couple lots

If i dont get this IPO, i will consider 14th floor.

It is get or die for me. This IPO must get.

dont forget masuk by tier lot, maximise chances

Lol old dog dont use same trick twice ya...haha

tried apply a little....maybe can fly to moon like solarvest & samaiden.....

This post has been edited by skystrike: Jun 3 2021, 12:52 PM

so what's your take on this company?

from "insider's perspective"

like how their payment history to vendors / suppliers, work culture, or staff attitude... these kinda stuff...

What do u mean maybe?

Top to bottom, aggressive and cultured well. Not the typical chinaman Stylo. Their core still in lightning arrestors. So far they're projects are large.

With great names such as ong keng siew of paramount and Eddie ong from rubberex, this company I estimate will hit RM 1.70 in a matter of under a year. Easily. The only news needed which is vital is their bid for a farm. Once that happens, u can expect the share prices to fly like sedania.

Good to know
thanks 🙏🎉

Deosnt sound like anything great.

Does the company have any competitive advantage comparing to other competitors?

How many market share in solar business the company has in Malaysia? in the big 3?

This is very interesting view by you.

If you look at the breakdown it didn't mention the money from ipo $$$ will utilize to bid a farm. Building a solar farm need large capital

I'm not sure how you interpret my sentences but whatever floats your boat man.

"The only news needed which is vital is their bid for a farm."

From you quote. I can't find in pekat group prospectus.

Can share where you get the source.

Finish reading the sentence. It's not paragraphed.

so skip this IPO right

more chance for us

Well..
Cannot say....
MCO might have some impact...
So for now.. wait & see...

How to apply from CGS?

just have to pump more money to get upper tier

Hehehe...
Endless possibilities 💵🤑
Money money money 💰💸
More money dump, higher your percentage of successful... But not 100% ya 😜

Normally need to apply how much to even get certain %?

Customers include Sunway, if stays this way has potential.

Timing not good..better wait after August.

anyone know if im able to amend the cds account no after applying thru maybank2u ? Accidentally key in my cds account no. without branch code and broker code.

Got one expert here can't remember his name. Can ask him. He will come and comment in ipo thread.

Ah yes, it is tehoice.

https://www.isaham.my/ipo?price=0.32&total_capital=0&cds=1

The higher the tier, the higher the chance

I applied thru Maybank too, but i just choose direct CDS. Your information should be inside direct CDS already..i never aware need to key in Branch code etc..

Okay. thanks. let me pm him and see.

hmm cause Im not using maybank as my broker but applying thru maybank2u for my Mplus account. The branch code and broker's code usually start with the first 6 digit

I see then i cant help you on that..

Maybe 😉

Any idea what price this IPO can fetch once listed?

Pls consult Mr SUREANGPOW

"yeah right"
best person to ask..
88c in hand

HAHAHHA tak perch hit wor.... I saw his TP for Teladan and had great expectations....alas.... only up around 25%

For ace market he usually betul one 😂

The one he usually betul is the price beats stock house prediction 😂

Ace Market is purely goreng-able....
Buy & dump. No looking back unless there's something cooking 😂

Everyone subscribed already?

Yeap. Hopefully refund on time then can proceed the next one. Cant these companies time their listing date better haha

[

Tuan²
Ballot tu pulang duit balik ke bank kita jika dpt sebahagian shj kan?

quote=nexona88,Jun 2 2021, 04:27 PM]
PEKAT GROUP BERHAD

Issue Price (RM) : 0.32

Shares Offered To Malaysian Public : 32,248,600

Bursa Malaysia Board : ACE Market

Opening Date : 02 Jun 2021

Closing Date : 10 Jun 2021

Ballot Date : 14 Jun 2021

Listing : 23 Jun 2021

[/quote]

[quote=leospirit,Jun 8 2021, 04:26 PM]
[

Tuan²
Ballot tu pulang duit balik ke bank kita jika dpt sebahagian shj kan?

quote=nexona88,Jun 2 2021, 04:27 PM]
PEKAT GROUP BERHAD

Issue Price (RM) : 0.32

Shares Offered To Malaysian Public : 32,248,600

Bursa Malaysia Board : ACE Market

Opening Date : 02 Jun 2021

Closing Date : 10 Jun 2021

Ballot Date : 14 Jun 2021

Listing : 23 Jun 2021

[/quote]

[/quote]

if you received partial refund means congratz to you, partially allotted.

[quote=tehoice,Jun 8 2021, 04:41 PM]

[/quote]

if you received partial refund means congratz to you, partially allotted.

[/quote]
harap dpt pada 14/6 boleh guna balik utk nestcon pula sebelum 17/6

[quote=leospirit,Jun 8 2021, 04:44 PM]
if you received partial refund means congratz to you, partially allotted.

[/quote]
harap dpt pada 14/6 boleh guna balik utk nestcon pula sebelum 17/6

[/quote]

definitely you will not get your money back on the 14.

even on the 17 is just in time, fingers crossed.

[quote=tehoice,Jun 8 2021, 04:50 PM]
harap dpt pada 14/6 boleh guna balik utk nestcon pula sebelum 17/6

[/quote]

definitely you will not get your money back on the 14.

even on the 17 is just in time, fingers crossed.

[/quote]

ingatkan ballout tu pulang blk sebahagian atau penuh pada tarikh tersebut

[quote=tehoice,Jun 8 2021, 04:50 PM]
harap dpt pada 14/6 boleh guna balik utk nestcon pula sebelum 17/6

[/quote]

definitely you will not get your money back on the 14.

even on the 17 is just in time, fingers crossed.

[/quote]

ingatkan ballout tu pulang blk sebahagian atau penuh pada tarikh tersebut

It's 50/50 actually...
On the refund part...
Maybe on the closing day of Nestcon refund...
Or just 1 day earlier...

Or is nestcon closing date on the day after 6pm lol

ingatkan nak pancing guna full bullet utk pekat selepas dpt refund(full/partial) sebelum 17/6 try pula nestcon...
kalau confirm refund tak dpt sebelum 17/6 terpaksalah guna half²

After 6pm huh??
Then missed chance 🤣

I just all in this morning..should hav waited zzz

Mcm sy ckp...
50/50...
Tgk bank apa lu pakai...
Kalo diorg kej overnight... Dpt lah duit refund cepat & pantas 😁

if only nestcon closed on monday, then we can hentam kaw2 both counter

nestcon close on 17th bro, 14/15 refund for PEKAT. so can apply both

use maybank la, fast refund

How fast?
Same day as ballot?

usually malam 14 or malam 15

RHB FV 56 cents. Any other FV ?

Split fund to be safe. In case not able to get refund from Pekat, use balance to apply. In case refunded, hentam saja.

Ta securities valuation 40c

so the balloting result got delayed?

Did you get the answer ?
I just did the same too Alamak

Plan to reapply via correct cds account.
After all the wrong one (incomplete) will be rejected

why did you guys enter incomplete cds a/c number in first place?
just curious.

Missed to fill up branch details. And the submission passed in maybank2u.
After submitted only realise the cds number incomplete ==

Usually result via Tricor website is slower than bank result.

Good plan...
But looking at recent IPOs demand...
The chance would be even lower if u split the $$$....

anyway...
Long time No see u in this stock exchange section...
Was thinking already retired 😅

It is purely luck for IPO. Applying 1m shares doesn't mean you will get although the chances is higher.

Yes, busy recently and missed a few IPOs due to busy work schedule.

Yup. It's just luck ..
Have seen those apply 20k shares get allocation meanwhile those applied 50k shares failed... Husband wife ☺️