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
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:
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
Chart | Stock Name | Last | Change | Volume |
---|
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
Very caring indeed, NAV 0.46 list at RM1.25(2.72 times book value), good luck guys
2013-10-19 10:08
i think they using Y.S.P.SOUTHEAST ASIA HOLDING price range as guide line lollll...
2013-10-19 10:13
ohy; u may just go to ATM machine apply..but must hv CDS account b4 apply..
2013-10-19 10:14
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
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
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
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
Guys, can guide me how to apply this IPO through CIMB ATM machine, thanks!
2013-10-19 23:13
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
Closing tomorrow. Kenanga give fv rm1.55 n dividend yield of 3%. Can try abit...
2013-10-29 22:29
ohy2012
How to apply this IPO?
2013-10-19 09:40