Independent professional cybersecurity services provider LGMS Bhd is seeking a listing on the ACE Market of Bursa Malaysia to raise funds for its business expansion and working capital.

Through its subsidiaries and an associate company, LGMS is involved in cybersecurity assessment, penetration testing, cyber risk management and compliance, and the provision of digital forensic and incident response services.

According to its draft initial public offering prospectus posted on the Securities Commission Malaysia's website, 91.39 million new shares will be issued under the public issue.

Of this, 22.8 million new shares will be available for application by the Malaysian public and another 12.5 million shares by eligible directors and employees, as well as persons who have contributed to the success of the group.

The remaining shares will be offered via private placement, comprising 11.4 million shares for Ministry of International Trade and Industry (MITI)-approved Bumiputera investors and 44.69 million shares for selected investors.

The IPO also comprises an offer for sale of 45.6 million existing shares by way of private placement to identified Bumiputera investors approved by MITI.

For the financial year ended 2020 (FY20), LGMS posted a higher revenue of RM20.65 million compared with RM20.56 million in FY19. The group recorded a revenue of RM17.39 million in FY18.

The group's revenue is mainly supported by contributions from the local market, in addition to Singapore, other ASEAN countries (Cambodia, Indonesia, Thailand and Vietnam), Asian countries (India, Taiwan, Japan and Hong Kong SAR), as well as Canada, Netherlands, Maldives, Australia, Saudi Arabia, France and USA.

LGMS said its business expansion comprises purchase of office, expansion of workforce, capital expenditure on equipment and tools, as well as strategic business expansion.

UOB Kay Hian Securities (M) Sdn Bhd is the principal adviser for the IPO.

This post has been edited by nexona88: Aug 9 2022, 06:22 PM

Soon.

https://www.theedgemarkets.com/article/cybe...o?type=malaysia

This post has been edited by msbr91: May 12 2022, 07:57 AM

Thanks, good info. Followed ur telegram group too!

Waiting for the IPO 😁

Is this a better choice than Unitrade?

Totally way better.

This post has been edited by msbr91: May 17 2022, 08:26 PM

wat bout comparing to yew lee. we need to choose 1 between this n yew lee rite

So between this and Yew Lee, which one better?

If comparing Yew Lee and LGMS I am not sure as I still did not study LGMS prospectus. But surely will apply for both IPO.

This post has been edited by msbr91: May 18 2022, 11:08 AM

If got enough capital then of cos can try for both

both closing date for balloting is near rite.

Yeah one on 25th and the other on 26th

Any advice for balloting first timer?

Who is LGMS ' main competitor yah? Not familiar with cybersecurity field.

no hoot no win
ada beli ada menang
hoot dulu, up or down
belakang kira, heard tp is 60cts
dun know true or not

Too many IPOs akin to excessive raya open house. Already losing appetite and momentum. Bad time for listing.

I ended up picking this one out of the 3. Hope to hoot some...Good luck everyone!

mkt lai leow, going to chiong again soon
nvr say died
sleeping for too long, time to return soon

Good luck everyone..
Endless Possibilities..

Might be good opening

ballot result today ka?

Yes 😁

Why did Tricor put the result day as 7/6/2022 on their website?

Because only that time u "officially" know / release the results..

U can get results "unofficial" after 24hours balloting unless it's fall on weekends & Public Holiday... So it's delay till 3 days 😁

From your bank balance or status in Online Banking website 👍

Ahh.. thanks. Sigh.. right now is still Pending status in my bank site.

If lucky can get the result tonite...otherwise have to wait one mire day. RHB fair value for LGMS is 0.73

25x oversubscribed


Attached File(s)
 719_basisAllotment.pdf ( 129.69k ) Number of downloads: 51

Was thinking higher oversubscribed rate...
Well it's okay allocation...

Hope for the best

So many ipos to apply.. Not surprising 20x over subscribed.. Good luck all..

because clash with 25th IPO..

Also got ppl who all in at unitrade earlier lol

Maybank eIPO still shows pending..... haiya. Guess tomorrow only check then

Limited $$$...

Not everyone have endless $$$ in hand like some past & current leaders 🤨

Hi

Better opportunity to get some because success rate are quite high for every share bracket..maybank result maybe today but could be at night time

[quote=nikazwa,May 31 2022, 07:01 AM]
Hi

Better opportunity to get some because success rate are quite high for every share bracket..maybank result maybe today but could be at night time

[/quotyes...success rate is quite high for every tier..good luck ya!

[quote=nikazwa,May 31 2022, 07:01 AM]
Hi

Better opportunity to get some because success rate are quite high for every share bracket..maybank result maybe today but could be at night time

[/
Yes...success rate is quite high for every tier..good luck ya!

Still pending in MBB sigh

Cimb out already, maybank still pending...usually out 7pm onwards

CIMB fully refunded. No luck. Can use back the refund for SFP

RHB as always will be the very last. Still pending

Maybank result is out. No luck. How long does maybank take to refund?

This post has been edited by Barricade: May 31 2022, 07:21 PM

Waiting list at mbb uwu

Mine says unsuccessful but money not refunded yet

oh oh oh, how arggghhhh

Unsuccessful and MBB already refunded.

2nd strike for me this year. Congrats for those who strike also

No luck

https://klse.i3investor.com/web/blog/detail...e_in_Cyberspace

FAIR VALUE GIVEN BY RHB 73 SEN

MYR0.73 FV,

Fantastic , may even hit RM 1.00 ++

based on 18x FY23F P/E. At MYR0.50/share, LGMS is set to raise MYR45.7m (91.4m shares) from its IPO, mainly to fund its business expansion – to increase its market presence and capture growth opportunities in the cybersecurity market. Future earnings (3-year CAGR: 30.6%) should be supported by the

positive review...
Might fly high 🎉🎈

Fantastic Quarter result out
Net profit RM 3 millions ++
ROE almost 10 %

TP may hit RM 1....

congrats to those who's application is successful.

TO 57 sen goodluck

60 sen now

This post has been edited by awannano: Jun 8 2022, 09:00 AM

a nice profit after subsequently most ipo's down the road these few months..

sold LGMS at 60cents, current price 0620

Those that make some money here congrats

This one just explode.....now 0.725

Those that sold at RM0.60 sure bang balls

85sen 🥹

Congrats to those who strike in this IPO.

Still holding on it.

Profit from yesterday YewLee can only afford to buy nasi lemak kosong. LGMS bolehlah KFC

It's ok. Asalkan ada untung sudah

I think those that had sold at 0.600 at the open had done it rightly.
and could had bought alot more at 0.570 and sell at the close at 0.845
but no one knows where the price is going and easy to say after the event.
I always think any action that can make money is never wrong.

Today this counter got hammered down 0.20 from the high to close at 0.715 down 0,130 from previous close.

Chase high gone case. Those bought at 9.15 immediately lose 22% today.

and it hits 0915 cents

Yew Lee reached 0335 what, okay la

I didn't manage to get the IPO but I buy on first day at 0.60. Almost doubled edi. This is really IPO of the year