Eco-Shop launches Malaysia’s biggest IPO in eight months, aiming to raise up to RM1.04b

The IPO will offer 862.15 million shares, with 675.37 million for institutional investors (priced via bookbuilding) and 186.77 million for retail investors at RM1.21 per share.

The IPO has secured ten investors acting as a cornerstone investor, collectively subscribing for 90.91 million shares or 90.31% of the institutional offering, excluding the Bumiputera offering under the Ministry of Investment, Trade and Industry.


Opening Date : 29 Apr 2025
Closing Date : 07 May 2025
Ballot Date : 09 May 2025
Listing Date : 23 May 2025
Final Retail Price : RM1.13

This post has been edited by nexona88: May 22 2025, 07:51 PM

Another Mr DIY like IPO

But after that 🤦‍♀️

From the same promoter @ Creador

😁

When Brahmal name mentioned expect the IPO oversubscribed to be very high

his name & the company linked always brings the numbers in....

Eco shop I feel is getting worst only

Not to mention many copycats also

Mr Diy at least still remain strong n monopoly

So...
Not good prospect this company then?

Normally u see got crowds or not?

DIY I know, got crowds during weekends... Ordinary days almost zero people even in the evening or night 😁

For me initially it was super hype n I would also go in n buy at leats rm50 above

Now not so much adi

So the hype have gone off then...

Need to get more details then... On the IPO... Later 👍

Now economy is bad hence you see ppl spending less and baskets is getting smaller 🤦‍♀️

Initially when they started at rm2 hype was there and when everytime it raises price by by 10% crowds is getting lesser

If you compared with Mr DIY it is not that great as they have raising prices silently hence sales been dropping last year after initial boom during pandemic

Eco shop still got staples hence dividend policy if any should be given at least

Last year I went to a few eco their restocks are getting worst

Last time used to be full and items all available so u have the feel of buying

Now some sections are even empty so its boring already

Its the psychology

Their cash burn issue hence hiring lesser staffs

It also depends which outlet you go also as those with high traffic the shelves are consistently full

Just sub if can get and run when profit abit.

My lima cent view

they updated all these 2.20 signboards already?

feel like such a waste, to go from 2.00 to 2.20 then 2.40

Nothing to do waste but because cost is rising due to inflation 🤦‍♀️

BUMP

Eco-Shop launches Malaysia’s biggest IPO in eight months, aiming to raise up to RM1.04b
https://theedgemalaysia.com/node/753358

RM1.21 or RM2.60?

I see it's rm1.21 ooohhh

Both online & printed (came out in newspaper)

“Eco-Shop has secured commitments from ten cornerstone investors, collectively subscribing for 90.91 million shares, representing 90.31% of the institutional offering (excluding the Bumiputera portion under Miti).

The cornerstone investors include AHAM Asset Management, Albizia Capital Pte Ltd, Areca Capital Sdn Bhd, Eastspring Investments Bhd, Kairous Equity Sdn Bhd, Kenanga Investors Bhd, Kenanga Islamic Investors Bhd, Lion Global Investors Ltd, RHB Asset Management Sdn Bhd and RHB Islamic International Asset Management Bhd.”

If we refer to MrDiy and 99Speedmart cases, the biggest winner are institutions and non-bumi because Bumi dont have fund for main market IPO. Public allocation goes to non-bumi while MITI allocation goes to institutions.

70 more shops to open annually within 5 years.
Smaller shares compared to MrDiy and 99s.
Similar biz like MrDiy and 99s.
RM2.60 products everyone can afford.
Well known/established shop in Malaysia.
Increased inflation will drive people to dollar shop.
Not related to US trade tariff issue.

#tayor

biggest question is it's IPO expensive or not?

PE okay?