Tentative Date(s):

• Opening of application - 27 November 2024
• Closing of application - 04 December 2024
• Balloting of applications - 09 December 2024
• Allotment of IPO shares to successful applicants - 13 December 2024
• Tentative listing date - 17 December 2024

Company Background

The company was incorporated in Malaysia under the Act on 29 December 2023 as a private limited company under the name of Vanzo Holdings Sdn Bhd. On 13 June 2024, the company was converted into a public limited company under its present name. The company is an investment holding company. Through its subsidiary, they are principally involved in the design, marketing and sale of air fragrance and fragrance-related products.

The company group structure after the IPO is as follows:

Use of proceeds

1. Business expansion and marketing activities - 47.20% (within 24 months)
2. Repayment of bank borrowings - 21.40% (within 6 months)
3. Working capital - 5.00% (within 12 months)
4. Estimated listing expenses - 26.40% (within 3 months)

Business expansion and marketing activities - 47.20% (within 24 months)

• New retail kiosks

The company plans to allocate RM1.6 million or 11.5% from its IPO proceeds for their business expansion. As at LPD, they have 6 retail kiosks located in Klang Valley and Kuching, Sarawak. They intend to strengthen their market presence by expanding their network of retail kiosks throughout Malaysia. As such, they intend to set up 4 new retail kiosks to increase their brand visibility and customer base.

The IPO proceeds will be used to set up 4 new retail kiosks as follows:

The above costs were estimated based on the actual cost in setting up their existing retail kiosks in Klang Valley.

• Marketing and promotion activities

The company plans to allocate RM5.0 million or 35.7% of its IPO proceeds for marketing and promotion activities to enhance their product awareness throughout Malaysia and increase their revenue, as follows:

Repayment of bank borrowings - 21.40% (within 6 months)

The company plans to allocate RM3.0 million or 21.4% to partially repay their bank overdrafts and bankers’ acceptances which were mainly drawn down to finance their general working capital requirements. They plan to reduce their borrowings as follows:

Working capital - 5.00% (within 12 months)

The company plans to allocate RM0.7 million or 5.0% of its IPO proceeds to fund their working capital requirements for the purchase of the inventories for the company Group’s expansion.

Business Model

An overview of the company's business model is illustrated below:

Click here to continue the IPO - Vanzo Holdings Berhad (Part 2)

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