ACE Market bound Wentel Engineering Holdings Bhd is targeting estimated proceeds of RM71.03mil from its initial public offering (IPO) to cater for the next phase of its business expansion.

The group said it will issue 273.2 million new shares at a price of 26 sen a share.

Of the total proceeds, it said 56.31% will be used to part finance the construction of its new manufacturing plant and 35.24% of the amount will go towards part financeing the purchase of new machinery and equipment, while the remaining proceeds will offset listing-related expenses.

Established in 2000, Wentel Engineering Group is principally involved in the fabrication of semifinished metal products, fabrication of metal parts and assembly of finished products for the manufacturers of several industries such as security screening equipment, computer numerical control (CNC) machines, semiconductor manufacturing equipment, medical diagnostics equipment, passenger coaches and industrial 3D printers.

Based on the group’s enlarged share capital of 1.15 billion shares and the aforesaid IPO price, the group's market capitalisation will be approximately RM299mil upon its listing on Feb 6, 2024.

"With the listing status and proceeds from the IPO, we are committed to ongoing growth, innovation and sustainable profitability.

"This IPO represents a new chapter in our journey, providing us with the platform to move forward with greater velocity and the opportunity to build long-term value for our stakeholders," said Wentel Engineering executive director Wong Chun Wei in a statement.

TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent of the listing exercise.

Opening of application - 15 Jan 2024

Closing of application - 22 Jan 2024

Balloting of application - 24 Jan 2024

Allotment of IPO shares to successful applicants - 02 Feb 2024

Tentative listing date - 06 Feb 2024

Next Monday closing
So quiet here

kek nexona88 kena sus

Pls vorrect me if i m wrong, revenue 2023 declined...cpe tech v2.0 in making, pls correct me.

And No TP / FV shared too 🤔

FV Wentel

Mercury rm0.36
Cimb rm0.49 (unverified)

Will try some.

#tayor

Don't be like TSA Group already good enough 😁

Yes profit dropping
Red flag
Better skipped since market sentiment are bad

Boss u cant compare tsa and wentel

Wentel
Peers coraza, sfptech, cpetech etc
5% MITI allocation
RM0.26 is very cheap
Low PE
High PAT

Downside
1.15b shares

#tayor

Big share size.
Risk of dumping upon listings?

Risky level is higher

🫣 Risky! Might drop a little vs might increase a lot.

Go play with your emotion.

At RM0.26 worth the risk lol

#tayor

I revise my impression
high risk high return
company rival Spftech , UWC
Big potential

Will see how is the ref number and application and decide tomorrow

can swing either way

I will skip wentel, already hit by cpe tech loss rm4k.

Hope goodluck for those apply wentel, we never know maybe jackpot this wentel.

.....

what the running @ ref number now?

anyone can share @ already applied

Mbb ref 26++now

Seem like not many applications done as for now..

Opportunity to recover your loss.

Cny luck, year of the dragon 🐉

#tayor

lately every one can get ipo ....

Possible another 80% success rate

Maybe the $$$ kept for CNY expenses 😁
So no apply IPOs

This post has been edited by theevilman1909: Jan 22 2024, 07:54 AM

MITI flood offering making worst liao

Open below IPO price then?

MITI 5% only for wentel
MTEC 💯

For every senheng, swift etc there are oppstar, nationgate etc

#tayor

Please share the latest maybank ref number

Mbb 369X

#tayor

Your application ref number?

My friend, ill apply after lunch.

Ill share mine later.

#tayor

fuyoh ticket 5000

Mine 4437 via maybank 12.45pm, expected to reach 5000 before cut off.

4451

pergghhh...
.can't rule out this

This post has been edited by IPO ADDICT: Jan 22 2024, 01:46 PM

Looks like application increasing towards closing time

latest figure looks like gonna hit 5k

when semua olang olang takut
is the best time to hoot 9 eeeeeeeeeeeeeeeeeeeeeeeeeee

NO WAY .....


This post has been edited by IPO ADDICT: Jan 24 2024, 03:44 PM

applied some at 2.30pm..ref no 5200

Mbb 520X

FV

Mercury RM0.36
Pbb RM0.32

#tayor

Wow seem good
Apply !!!!!

number keep increasing...

probably could be hitting 6k or litte less...

3.37pm mbb #5903

6006 here

nice.
already hit 6k

application keep increasing by the hour.

less 1 hour to go

bcos is cheap ...attack till ah mah pon kenot regonised
nanti dapat CNY big ang pau

ya ya ya market is hot hot hot hot

hor sei leow

This post has been edited by pileepalah: Jan 23 2024, 10:46 AM

NO 6500

hmm.. ok

otw 7k

true source of persatuan pemohon ipo semalaysia.

weird..this ipo not so many apply

OMG.....

'IT'S . A. TECH. IPO....

2. MORE MINUTES...

HURRYYYYY . UPPPPPP

2. more minutes...

This post has been edited by IPO ADDICT: Jan 22 2024, 04:58 PM

officially closed

Wed early evening ballot table out

This post has been edited by nexona88: Jan 22 2024, 05:02 PM

Kong see Fatt chai

free bah Kwa, lap cheong, soon hock, satay,
Loh Pak kor, Tua pau, Loh Mai kai & 1 plate pon choy

This post has been edited by IPO ADDICT: Jan 23 2024, 09:36 AM

CNY DRAGON YEAR ANGPOWS WAITINGG $$$$$

Over all market steamingg KLCI 1500 ++

CNY RALLY... with this TECH related IPO .

This post has been edited by IPO ADDICT: Jan 24 2024, 09:55 AM

Over subscribed. 21 X. ?..

This post has been edited by IPO ADDICT: Jan 24 2024, 03:46 PM

didn't see any news

I taught is 42 times

tough to get,..,This. TECH. IPO

17 X.....

17.72x oversubscribe rate

https://www.tiih.com.my/content/press_relea...isAllotment.pdf

many know this is a TECH IPO liao

potential. RM 1.00 ++

This post has been edited by IPO ADDICT: Jan 24 2024, 06:14 PM

can't be ,I heard the most is 0.98cts
according to micro economic calculations
where did U heard from..rm1.00
impossible

This post has been edited by pileepalah: Jan 24 2024, 10:37 PM

efficient market hypothesis

+ Boleh land secret formula

Cimb result out
Got abit of peanut

congratz

IPO crazy again

Fuh waiting list.

Got some.. hope got some angpow

cimb .. reserved status..

meaning what ya?

https://www.cimb.com.my/en/personal/help-su...ful-or-not.html

yeap saw this.. but what it means reserve list?

if got investor reject the allocation ka?..

Those not supposed to get allocation gotten them...

So after audit @ reballoting... Those "rejected" allocation given to reserve list...

But based on all previous encounter...
Your chance of getting allocation is very slim... Like 1% only..
So just be prepared to get refund later week 👌

This post has been edited by nexona88: Jan 26 2024, 11:33 PM

thanks for the explanation.. now i know what it's mean..

the website they should have elaborate more the meaning of Reserved..

MBB result out?

My application status still "pending"...

Should be Monday.

Next week Monday or Tuesday 👌

CIMB just refunded... humm..

Share not alltoted....

This post has been edited by hovercraft97: Jan 29 2024, 05:15 PM

pity

this WENTEL SURE ONE ....
see even kaput TSA Showing fantastic

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

right before CNY ... this potential shoot like rocket

Expecting DRAGON YEAR SUPER ANGPOWS

JOLLY CNY....

chin chai 0.40cts enaf oreli
cukup beli bah Kwa, 2 cartons of Mandarin oranges, 2 cartons Somersby...very happy jor

Hehe for me
I donate part of profit back to charity
The rest reinvest back

must keep for 1 week to get DRAGON YEAR JACKPOT of RM 1.00 ++

Best IPO for Feb 2024

+200% 🔥🐉

#tayor

EARLY BIRDS.....READY ?

Spicy - hot - tender - oily - juicy - crunchy WORMS waiting

Opening 88 sen >> then RM 1.00 ++

# Note LIMIT UP = RM 1.30

This post has been edited by IPO ADDICT: Feb 5 2024, 04:37 PM

kenot be rm1 lah
more precise 0.42 cts very very good ter neh oreli

goodluck

TO 0.28. Looking dangerous

Ipo had officially lose its charm ?

Sold at 0.26

got flooded with MITI shares

Jan too many ipo 😑

Still holding. I actually rated this ipo the highest among the Jan IPOs.