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 Leform Bhd (0266), Ace Market

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TSnexona88
post Sep 22 2022, 03:38 PM, updated 9 months ago

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Leform Bhd, a steel product manufacturer, is seeking a listing on the ACE Market of Bursa Malaysia to raise funds to build a new headquarters, a warehouse storage facility and workers’ accommodation, besides the repayment of bank borrowings and working capital.

Leform is planning to issue 311.01 million new shares under its initial public offering, of which 74.05 million shares will be made available for application by the Malaysian public, while 29.62 million will be set aside for eligible directors, employees and those who have contributed to the company's success.

Another 185.1 million new shares will be made available for selected Bumiputera investors approved by the Ministry of International Trade and Industry, while 22.21 million others will be placed out to institutional and/or selected investors.

The IPO will also involve an offer for sale of 74.05 million existing shares by way of private placement institutional and/or selected investors.

Leform said the group intends to expand its warehouse storage facility to cater for growth in its production output by constructing a new facility with additional warehouse storage, in anticipation of more orders from customers.

The new facility, located adjacent to one of its existing facilities, will have a built-up area of 285,547 sq ft and will include its new HQ and workers’ accommodation.

“We intend to relocate our existing headquarters and workers’ accommodation to the new facility. The additional warehouse storage facility will provide us with a larger space for our processing facilities, and thus create an environment for our machinery and equipment to perform to their capacity,” it said.

The plan also allows the group to consolidate its delivery operations to this “one stop centre”.

Moving forward, Leform said it plans to expand its range of steel pipes to include thicker gauge steel pipes, which will be more than 5mm thick and can be used for infrastructure pipes or large structural poles in construction.

“This would not only be a new revenue stream but will also enable us to expand our customer base. We plan to begin manufacturing these thicker gauge steel pipes once our proposed new facilities are complete in the first quarter of 2025,” it said.

For the financial year ended Dec 31, 2021 (FY21), Leform posted a profit after tax of RM45.41 million, over six times the RM7.14 million it made in FY20, as revenue rose to RM373.97 million from RM354.71 million, with PAT margin jumping to 12.1% from 2% previously.

The group's revenue is mainly supported by contributions from its manufacturing segment consisting of steel pipes, guard rails, and flat steel products. Besides Malaysia, Leform's sales come from the exports of its steel products to markets such as New Zealand, Singapore and Cambodia.

The group is controlled by managing director Law Kok Thye, who holds a 66% direct stake in the company and 34% indirectly via Tianwen Holdings. On completion of the IPO, Law's direct stake will be trimmed to 23%, while his indirect stake will rise to 51%.

MIDF Amanah Investment Bank Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.

This post has been edited by nexona88: Jul 10 2023, 04:08 PM
IPO ADDICT
post Oct 26 2022, 11:58 PM

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Hmmm.....must punt this IPO...!!

Lesson from the steaming of IPO lately...$$$$
Don't bother with the misleading FV / TP of the IB anymore
If too much concern about the FV by IB for example BETA IPO FAIR VALUE given by RHB was 41 sen which is 18% below the IPO price made many scared liao - didn't apply & missed the GOLDEN OPPORTUNITY when BETA IPO hit RM 1.00 for 100 % handsome DIWALI JACKPOT $$$

#MustPuntThisIPO>>$$$$$

??? Batu Cave Boy ?..

This post has been edited by IPO ADDICT: Oct 27 2022, 12:06 AM
pileepalah
post Oct 27 2022, 08:41 PM

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QUOTE(IPO ADDICT @ Oct 27 2022, 12:58 AM)
Hmmm.....must punt this IPO...!!

Lesson from the steaming of IPO lately...$$$$
Don't bother with the misleading FV / TP of the IB anymore
If too much concern about the FV by IB for example BETA IPO FAIR VALUE given by RHB was 41 sen which is 18% below the IPO price made many scared liao - didn't apply & missed the GOLDEN OPPORTUNITY when BETA IPO hit RM 1.00 for 100 % handsome DIWALI  JACKPOT  $$$

#MustPuntThisIPO>>$$$$$

??? Batu Cave Boy ?..
*
tis one kenot lah, nanti listing 18cts saja
better keep yr monies in old grandma FD
tak boleh pakai one lah, no hope one,
dun apply, sure die... remember sen heng, swift...
kenot lah...... dream lah can go 25cts
100% koyak koyak koyak

This post has been edited by pileepalah: Oct 27 2022, 08:52 PM
cse.my
post Oct 27 2022, 11:58 PM

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Dun think just hoot run when profit abit
NewGUY
post Oct 28 2022, 11:25 AM

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- they no money to expand internally

- steel price dropping
xSean
post Oct 28 2022, 02:35 PM

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QUOTE(cse.my @ Oct 27 2022, 11:58 PM)
Dun think just hoot run when profit abit
*
boleh hoot a bit? want to experience for first time
cse.my
post Oct 28 2022, 03:13 PM

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QUOTE(xSean @ Oct 28 2022, 02:35 PM)
boleh hoot a bit? want to experience for first time
*
U suka la boss.

Never listen to people, follow your heart
xSean
post Oct 28 2022, 03:18 PM

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QUOTE(cse.my @ Oct 28 2022, 03:13 PM)
U suka la boss.

Never listen to people, follow your heart
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biggrin.gif still got time, r&d a bit this weekend and taruk next week.
cse.my
post Oct 28 2022, 04:16 PM

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QUOTE(xSean @ Oct 28 2022, 03:18 PM)
biggrin.gif still got time, r&d a bit this weekend and taruk next week.
*
Bursa r&d tarak pakai one la
xSean
post Oct 28 2022, 04:58 PM

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QUOTE(cse.my @ Oct 28 2022, 04:16 PM)
Bursa r&d tarak pakai one la
*
then? just use feeling to hoot...lolz
cse.my
post Oct 28 2022, 05:13 PM

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QUOTE(xSean @ Oct 28 2022, 04:58 PM)
then? just use feeling to hoot...lolz
*
Hahaha, hoot and feel and run or stay. Welcome to halal gambling

IPO ADDICT
post Oct 28 2022, 05:18 PM

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QUOTE(pileepalah @ Oct 27 2022, 08:41 PM)
tis one kenot lah, nanti listing 18cts saja
better keep yr monies in old grandma FD
tak boleh pakai one lah, no hope one,
dun apply, sure die... remember sen heng, swift...
kenot lah...... dream lah can go 25cts
100% koyak koyak koyak
*
Lesson from BETAMEK WHICH EXPLODED 100 % ,..from ipo price 50 sen hitting RM 1 liao on listing day
Many bang head to the wall due to GHOST STORY

so this time - don't be Pond*n again..


This post has been edited by IPO ADDICT: Nov 2 2022, 06:36 AM
tnang
post Oct 31 2022, 03:36 PM

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This one i skip, bad experience from Tashin during bad market for steel.

This post has been edited by tnang: Oct 31 2022, 03:36 PM
abdhadijafar
post Nov 3 2022, 02:40 PM

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msbr91
post Nov 3 2022, 08:44 PM

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http://lchipo.blogspot.com/2022/10/leform-berhad.html
pileepalah
post Nov 11 2022, 05:18 PM

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QUOTE(IPO ADDICT @ Oct 28 2022, 06:18 PM)
Lesson from BETAMEK WHICH EXPLODED 100 % ,..from ipo price 50 sen hitting RM 1 liao on listing day
Many bang head to the wall due to GHOST STORY

so this time - don't be Pond*n again..
*
possible 0.45cts , tis one hot stuff

batu caves boy mau goreng dia sampai 0.60 cts
IPO ADDICT
post Nov 11 2022, 09:17 PM

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QUOTE(pileepalah @ Nov 11 2022, 05:18 PM)
possible 0.45cts , tis one hot stuff

batu caves boy mau goreng dia sampai 0.60 cts
*
Kemon...the Real Batu Cave boy...
Hmmm
IPO ADDICT
post Nov 11 2022, 09:21 PM

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QUOTE(IPO ADDICT @ Nov 11 2022, 09:17 PM)
Kemon...the Real Batu Cave boy...
Hmmm
*
QUOTE(sl3ge @ Nov 10 2022, 10:58 AM)
Can share more IB TP?
*
Hmmm.....still there@ Batu Cave
tnang
post Nov 15 2022, 04:32 PM

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Listing postpone to 30/11?

This post has been edited by tnang: Nov 15 2022, 04:39 PM
Samzul
post Nov 16 2022, 10:41 AM

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Yes 30/11

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