IPO Malaysia

IPO - Caring Pharmacy Group Berhad (CARING)

kltrader
Publish date: Sat, 19 Oct 2013, 12:15 AM
kltrader
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My collection of new IPOs in Malaysia and the background of companies going for IPO.

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.25
Par Value: RM 1.00

Dates:
Offer Period Open: 18-10-13
Offer Period Close: 30-10-13
Tentative listing date:  13-11-13

Number of shares:
Public Issue: 35,000,000

Stock Code: CARING

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING OF CARING PHARMACY GROUP BERHAD (“CARING”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD OF A:PUBLIC ISSUE OF 35,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN CARiNG (“SHARES”) AT AN ISSUE PRICE OF RM1.25 PER SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:

  • 10,886,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 5,716,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, ELIGIBLE EMPLOYEES AND SHAREHOLDERS OF SUBSIDIARIESOF THE CARiNG GROUP;
  • 4,200,000 NEW SHARES MADE AVAILABLE FOR BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
  • 14,198,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS.

 

Caring Pharmacy To Raise Up To RM43.75 Million From IPO

KUALA LUMPUR, Oct 18 (Bernama) -- Caring Pharmacy Group Bhd (CARING), en route to a listing on the Main Market of Bursa Malaysia on Nov 13, aims to raise RM43.75 million in gross proceeds from its initial public offering (IPO).

The company is expected to have a market capitalisation of RM272.13 million upon listing, based on the IPO price of RM1.25 per share, the company said in a statement Friday.

It said 41 per cent of the proceeds would be utilised to open new pharmacy outlets and another 27 per cent would go towards working capital purposes.

"The listing of CARiNG is a strategic move for our Group as we aim to accelerate overall growth and to fortify our strong position within the market.

"We have worked hard over the years to improve CARiNG's economies of scale which are reflected in our proven performance record as well as sustainable revenue and profit growth since our establishment," said Managing Director Chong Yeow Siang.

Under the IPO exercise, the company is making a public issue of 35 million new shares, out of which 10.886 million shares will be made available for public subscription.

Kenanga Investment Bank Bhd is the principal adviser, managing underwriter, joint underwriter and joint placement agent for the IPO.

-- BERNAMA

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2 people like this. Showing 17 of 17 comments

ohy2012

How to apply this IPO?

2013-10-19 09:40

harrykok

Serious? you are in this site and you have no clue of applying IPO shares? Apps me @ 0173689126 and I am willing to guide you. Best regards

2013-10-19 09:55

sephiroth

Very caring indeed, NAV 0.46 list at RM1.25(2.72 times book value), good luck guys

2013-10-19 10:08

ryan7642

i think they using Y.S.P.SOUTHEAST ASIA HOLDING price range as guide line lollll...

2013-10-19 10:13

ryan7642

ohy; u may just go to ATM machine apply..but must hv CDS account b4 apply..

2013-10-19 10:14

ohy2012

Thanks harrykok. The IPO is open on 18 Oct 2013 but I cannot not used maybank to apply this IPO. Why?

2013-10-19 10:17

xyzsim

MAYBANK2U > investment > Eshare > Done

2013-10-19 10:26

cruger12345

sephiroth... It is a asset light company. As long as the PE at the reasonable range which is 13.24 I don't see the downside of it. If you base on NTA to judge a company value Btoto will be super overvalued.

2013-10-19 15:47

cruger12345

I vet thorugh this company it is actually not bad and not really expensive as compare to the others IPO. I will apply for this. Wish me luck ... Need a lot of it

2013-10-19 15:48

sephiroth

cruger, pe of 13 for a small company is consider excessive, most of the good fundamental small stocks are all trading below 10 times eg. fibon,mmode, skpres coz small cap stocks won't attract big funds

2013-10-19 16:04

lloydlim

Guys, can guide me how to apply this IPO through CIMB ATM machine, thanks!

2013-10-19 23:13

harrykok

Hi ohy2012,read the feed back from xyzsim? It could be Maybank's Eshare site NOT updated for this IPO yet. Alternatively, apply through the traditional way, using application form that can be obtained from broking firms. Ya, a bit hassle coz needs to secure bank draft/photostated IC and postage money. Best of Luck!

2013-10-20 17:19

ohy2012

Thanks harrykok. Maybe we hope that MAYBANK will update for this IPO soon.

2013-10-20 18:34

TeddyRiley

worth to apply?

2013-10-23 10:01

thiamfoo

anyone has a research report from any of the broking firms?

2013-10-23 17:37

twim

Closing tomorrow. Kenanga give fv rm1.55 n dividend yield of 3%. Can try abit...

2013-10-29 22:29

CityHunteR

1.5 too high d...lol

2013-11-15 00:52

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