KUALA LUMPUR (Dec 27): TSA Group Bhd is pricing its shares at 55 sen apiece, seeking to raise some RM42.53 million through an initial public offering (IPO) on Bursa Malaysia’s ACE Market.

At 55 sen per share, the industrial hardware products and stainless steel pipes and metal products manufacturer is expected to have a market capitalisation of RM170.12 million after listing, valuing the company at about 4.23 times its price-earnings multiple — based on a net profit of RM39.85 million for the financial year ended Dec 31, 2022 (FY2022).

At the prospectus launch on Wednesday, the group said RM42.53 million of the proceeds will be raised from the issuance of 77.33 million new shares, representing 25% of its expanded share capital of 309.3 million shares.

Prospectus: https://www.bursamalaysia.com/market_inform...?ann_id=3410529





This post has been edited by ronnie: Jan 22 2024, 09:36 PM

So quiet here
New year mood

Declining revenue n margins for 9 months 23. Quite a sharp drop. Unrealistic to look at 2022 results.

Not interested!

Construction and building materials business..

Only small volumes offered as public issue..only the price a bit high

Any tp ?

stainless steel pipes and metal products manufacturer?

normally these stuff China one very popular... this company can compete with the pricing offered?

Developers / those in need always find cheap cheap one

Majority of fund use to paying debt
I will avoid this company

not a positive sign indeed

Price also quite high..maybe will apply some...try luck

Company in the same industry:-

Pantech
prestar
k.Seng

Hanwa steel centre
Kanzen Tetsu
etc.

any TPs for far??

didn't see any

Perhaps those who subscribed with isaham can share isaham tp/fv.

Silence means avoid?

#tayor

Tomorrow see how 🤔🧐

......
got MITI too...be careful

This post has been edited by IPO ADDICT: Jan 16 2024, 07:27 PM

very quiet ..... potential 100% success rate

TSA FV/TP

TA RM0.63

#tayor

Last day to applied 😁

Can apply some..good Tp in current situation

very quiet. nobody apply?

maybank 2598

under subscribed ?.....
will get ALL applied
CHEEARSS

This post has been edited by IPO ADDICT: Jan 17 2024, 02:53 PM

100% subscription rate yo

Done applied some..gud lucks

Jackpot Waiting

Hurry Upppp 4 more minutes.....!!

sure dapat ..... all the best

Is the balloting table out ?

Monitor this page: https://tiih.com.my/index.php?p=press_release

No table ?

CHEARSSS.....

.ALL got 100 % what ever we applied....

KUALA LUMPUR: TSA Group Bhd, which is slated for a listing on the ACE-Market of Bursa Malaysia on Feb 2, has seen its initial public offering (IPO) oversubscribed by 8.62 times.

In a statement, it said a total of 4,304 applications for 148.78 million shares with a value of RM81.83mil were received from the Malaysian public, which represents an overall oversubscription rate of 8.62 times.

“For the Bumiputera portion, a total of 2,329 applications for 67.69 million shares were received, which represents an oversubscription rate of 7.75 times,” it said.

For the public portion, a total of 1,975 applications for 81.09 million shares were received, representing an oversubscription rate of 9.49 times.

Meanwhile, 15.46 million shares made available for application by the eligible persons have also been fully subscribed.

Further, AmInvestment Bank Bhd, the placement agent has confirmed that the 203.2 million public issue/offer shares made available for application by way of private placement have been fully placed out.

AmInvestment is the principal adviser, sponsor, placement agent and underwriter for this IPO

80% subscription rate

goodluck

Usually we will say
You are very lucky to get the ipo
This time we say differently
You will be very lucky not to get this !

hmmm.....sound. very. ANTI - CLIMAX..
making them ( got the IPO ) unable to sleep liao

This post has been edited by IPO ADDICT: Jan 19 2024, 07:48 PM

Not looking good 😔

80% - 100% allocation

The IPO TREND IS WORRYINGG.....
many seem don't bother or even worst case don't beleive any more on the Given TP / FV by IBs - broker's firm

many edi kena liao by " that TP / FV "...
latest casualty CPE TECH & many more before
who to blame ?.... pergghhh

This one high chance open at IPO price or lower upon listings

Congratulations 🎉
For the allocation

....

the very very critical- crucial is totally NOT DEPEND ON the given TP /FV

but the Top Mgt of the IPO company whether they want to let OPEN RED OR solid green or merely peanut KEPCI /MEKDI
...... :

This post has been edited by IPO ADDICT: Jan 19 2024, 08:49 PM

Now everyone can get allocation 😁

woah...

just look at the allocation table....

No comments actually...

Just you will be very lucky not to get IPO allocations

anyone using maybank got result edi?

See ballot table already knows the results 😁

80% above success rate

yeah but my status in maybank still pending.

you are the "lucky" ones

Consider lucky then 😁

lol my status just changed to waiting list and got allocation already

Haha mine too. all the best to us

"Congratulations" then 🎉👏

Alhamdulillah, tapi sikit je la dapat huhu

Great qr report

hmmm....Don't be ENVY when ??....

we receive our much awaited " CNY JACKPOTT " this FRIDAY Feb 2 , 2024

see OMG >> Great qr report

This post has been edited by IPO ADDICT: Jan 31 2024, 09:54 PM

count down......9:00:01 AM Friday .

EARLY BIRDS .....spicy tender juicy crunchy WORMS WAITINGG

This post has been edited by IPO ADDICT: Feb 2 2024, 07:05 AM

goodluck

hmmm.....

Open lower hahaha

TOP 0.50

ATTACCKKKKKKKKKKKKKKKKKK....

.......OMG

FREE Dragon Year Jackpot

Highest 0.615..congrats

I'm still holding...haha...

Cheap " WENTEL " NEXT TECH IPO ??

SURE HOT liao

Maybe got potential break 0.6 again haha

Update: Sold at 0.58 and 0.6. Earn kfc money

This post has been edited by coolguy99: Feb 2 2024, 11:02 AM

At least something 👍

hmmm....so now ?.....

a spicy lesson for next IPO WENTEL

This post has been edited by IPO ADDICT: Feb 2 2024, 12:26 PM

Still profit ..congrats

I think it touches 0.625 early morning then down a bit..but still okay