UMediC Group Bhd, a manufacturer and distributor of medical devices, is seeking a listing on the ACE Market of Bursa Malaysia.

UMediC, whose factory in located in Batu Kawan, Penang, plans to use the proceeds of the IPO for capital expenditure to construct a new factory building there.

“The capex also will be allocated to set up new marketing and distribution offices in the central area of Kuala Lumpur and Johor Bahru,” it said.

The IPO proceeds will also be used for the repayment of bank borrowings, as well as working capital to expand its business into new markets and expand its product range, the company said.

For the financial year ended 2021 (FY21), UMediC posted a revenue of RM34.12 million, higher than RM23.68 million in FY20, and RM16.42 million in FY19, mainly due to an increase in revenue from its marketing and distribution segment.

“For FY21, we distributed our products to more than 400 customers, comprising public and private hospitals, other healthcare service providers such as medical centres and other healthcare-related facilities, as well as non-hospitals.

“Malaysia, being our principal market, contributed approximately RM28.56 million or 83.71% of our revenue for FY21, while the remaining revenue of approximately RM5.56 million or 16.29% was generated from the overseas market,” the company said.

UMediC said its board has not adopted a formal dividend payout policy, and any declarations of dividends in the future will be at the discretion of the directors.

UMediC is the authorised distributor of multiple established international medical device companies including Philips, Mindray, GE and Merit. It is also involved in the development, manufacturing and marketing of medical consumables, namely HydroX series prefilled humidifiers.

Affin Hwang Investment Bank Bhd is the principal adviser for the IPO exercise.



IPO comprising the public issue of 97,224,300 new ordinary shares in UMC (“IPO Shares”) in the following manner:

18,695,500 IPO Shares available for application by the Malaysian public;

13,086,800 IPO Shares available for application by eligible directors, employees and business associates who have contributed to the success of the Group; and

65,442,000 IPO Shares by way of private placement to selected investors.


This post has been edited by nexona88: Aug 9 2022, 06:17 PM

If it below 0.30 might be good value defensive buy

Anything to do with medical will normally a good return to shareholders and the Ipo

aiyoh another Cengild keluar kah
ini macam hoot 999999999999999 eeeeeeeeeeeeeeeeeee

If market condition not good, mostly also holland one. Wait and see, still got time

We wait for TP first

Still no TP for this one?

TA RM0.4

so nobody dare to give tp
ini macam...saya kasi lu itu tp
chin chai chin chai 0.50cts
ini daging besar

dun said I no tell u all

Well, 2 comfort points..
1) Medical related
2) Key person are related to God Share - UWC

So... buy la, wait what

Public RM0.36
RHB RM0.39
TA RM0.40
Mercury RM0.48

This post has been edited by msbr91: Jul 13 2022, 02:11 PM

All the TP are attractive...buy buy buy

i sudah takut.

today my INFOTEC 1 sen premium...
its scary haha..

Pls speak English here...your pic profile is English men

Huhuhu...

After today....

Think Think Think 🤔

I am scared already...because the latest ipo didn't perform well even good TP were given before...yx precious..seng fong...infoline

Who apply sure got one..not for me

I think will skip umedic n unique fire..not confident

if all THINK THINGK.. might even be undersubscribed.. and 100% allocation!

haha.. see la.

INFOTEC.. so so good also 1 sen premium opening price.. if no cepat lari..

closing .305!

Hehehe....
Heart must be steady 😁

heart is very steady...

but but RISK vs REwards u countla...

Today ballot tomolo result out, huhu

Oversub nearly 47x, but recently IPO all goyang..hopefully this one can perform..result from mbb still pending..

mine mbb also pending. dunno get it better or full refund better

Umedic results out

no luck. full refund by mbb

Ditto..buy at open mkt listing day

Looking at past performances...

Better off buying open market 😁

My mbb status still pending, for so many day ald..weird. Normally it will show waiting list instead of so long pending. System error?

Try calling them & ask what happening 🧐

Reserved list...waiting for 2nd ballot. No need to call bank just wait.

Reversed, didn't get..after pending for so many day.

Oh yeah, their ballot system have such thing? Btw, now it reversed..means I didn't get . Market looks like rebounding, macam got chance will up this one..

This IPO is different with NO allocation to MITI .
The TP by Mercury of 48 sen is No problem...may even hit 60 sen.

Really..? Great!

See how..this morning

Looking pretty good n Explosive now....60 -80 sen can one
After all this umedic is a subsidiary of Explosive UWC

not bad. 54cent. can makan kfc few times

0.53..premium 21 sen..

wah wah wah.. congrats those who got... very good opening price!!!

Nice nice opening, applied but didn't get..congrats to those that get and profit

got 2000 units @ 0.505... good ?

just got another 1000 units @ 0.495

This post has been edited by wat de....?!: Jul 26 2022, 09:44 AM

erm.. this one. not IPO application game.

This is buy high.. sell high with High hope
HIGH risk High Return game..

I kinda get what you mean but i intend to keep this for long period.
Anyhow i'm new to stock trading and still learning

congrats to those who profited

Unexpected performance....
After many below than expected performance...
Good price 🤑💵💲

Right timing also one of the factor, this week market looks ok..means down incoming