Retail management solutions provider Panda Eco System Bhd is targeting a listing on the ACE-Market of Bursa Malaysia to support its business expansions.

Based on its bourse filing on Tuesday (March 28), the initial public offering (IPO) consists of a public issue of 109.29 million new shares or 16.3% of its enlarged share capital of 671.19 million shares after its IPO.

Panda said that 33.56 million new shares will be made available for the Malaysian public, including 16.78 million shares for public investors and 16.78 million shares for Bumiputera public investors.

Meanwhile, 42.77 million new shares were reserved for eligible directors, employees and persons who have contributed to the success of the group.

The group also said that 32.95 million new shares were allocated for private placement to selected investors, in addition to the offer for sale of 61.81 million existing shares by way of private placement to selected investors.

The issue share price of the shares has yet to be announced.

Panda and its subsidiaries were involved in the development, customisation, implementation and integration of its Retail Management Eco-System.

The group was also involved in the trading of third-party software, trading of IT hardware as well as software customisation, implementation and integration of process control and automation solutions.

https://www.theedgemarkets.com/node/661124

given current market sentiment, definitely a BBB IPO. NBDRE

oversubscription gonna be 9 9

IT & technology related

BBB mode on 😁🤪

another SNS, they just sell PC?

Different 🤦‍♀️ Retail POS ERP provider

The group was also involved in the trading of third-party software, trading of IT hardware as well as software customisation, implementation and integration of process control and automation solutions.

“Our group’s Retail Management Eco-system is a suite of retail management solutions which support the management of retail operational processes such as POS (point of sale) management, CRM (Customer Relationship Management), ecommerce platform management, supply chain management, management of information on store operations, inventory and warehouse management as well as financial and accounting management,” it said.

For its financial period ended 2022 (FPE2022),
the group posted its profit after tax (PAT) of RM5.52 million on a revenue of RM14.94 million.

For its financial year ended 2021 (FY2021),
its PAT was RM7.90 million on the back of its revenue of RM20 million.

For FY2020,
the group reported a PAT of RM6.88 million and revenue of RM16.40 million.



This post has been edited by ronnie: Nov 8 2023, 03:48 PM

pls share fair value if you got...

TQ

Panda Eco System launched its prospectus today, ahead of its anticipated listing on the ACE Market of Bursa Malaysia Securities Berhad later this month. The retail management solutions provider said it aims to raise RM17.5 million from the exercise.

For the financial year ended 31 December 2022, the Group recorded revenue of RM21.0 million and profit after tax of RM7.0 million.

Through the upcoming IPO, the Group will raise proceeds of approximately RM17.5 million, which it said will serve as a powerful catalyst for expanding its business, enhancing internal capabilities, and driving growth. From the IPO proceeds raised, RM2.7 million will be allocated for the development of new solutions, RM4.5 million is earmarked for domestic and regional business expansion, while RM1.7 million will be dedicated for the recruitment of additional engineers for its Customer Technical Service department and RM3.0 million is designated for the expansion of its new HQ. The remaining RM5.6 million will be used for working capital purposes and listing expenses.

cheap cheap only 16 cent.

What's the target price for this stock? Anyone trying out for this counter?

wanted to know anyone going for it too

Business sliding year 2022 .... hmmmm

i will pump to this ipo..

Fv isaham is 26 sen..

ini panda bear hor leow
Hong 😺 sure boleh tangkap 🐀

This post has been edited by pileepalah: Nov 11 2023, 03:43 PM

Try sikit sikit. 2023 never kena one IPO before.
Subscribed thru MBB.

Any FV for this IPO from others ?

This post has been edited by ronnie: Nov 14 2023, 07:25 AM

Just received TA fv is 18.5 sen only

Isaham fv is 26 sen

This post has been edited by tomjason: Nov 14 2023, 10:41 AM

wasting time on this kaput over value ipo
only chicken feed 2.5 sen.. ,

Fv TA = 18.8 sen
FV CGS CIMB = 25 sen
Fv isaham= 26 sen

your reply seem to be different on this IPO.. what makes you change ?