Empire Premium Food Bhd, owner of the popular Empire Sushi chain, launches its Bursa Main Market IPO at 70 sen per share, targeting RM254 million in total proceeds. Here’s a full breakdown of the IPO details, financials, and growth plans.
The Basics: IPO Price, Timeline & Proceeds
Empire Premium Food Bhd is offering its shares at an indicative price of 70 sen per share, with the final price to be determined after institutional bookbuilding.
Key dates to note:
- Retail application closes: March 31, 2026
- Institutional order-taking closes: April 1, 2026
- IPO Balloting date: April 7, 2026
- Listing date: April 17, 2026
Total proceeds from the IPO amount to approximately RM254 million, split between:
- RM152.6 million raised for the company (public issue)
- RM101.5 million for co-founders Jordan Tan and Nicole Lim (offer for sale)
Upon listing, Empire Premium will carry a market capitalisation of RM770 million, representing a valuation of 20x its FY2025 earnings.
The Business: Sushi at Scale
Empire Premium currently operates 143 outlets nationwide — 127 grab-and-go takeaway stores and 16 quick dine-in eateries. It’s a lean, high-turnover model that has proven remarkably profitable.
For the financial year ended March 31, 2025 (FY2025), the company posted:
- Net profit: RM37.92 million
- Revenue: RM235.6 million
Margins are supported by disciplined operational practices, including quarterly menu refreshes to replace underperforming items, and waste kept at around 7% through tightly managed inventory control. Nearly all outlets are halal-certified.
How Will the IPO Money Be Used?
From the RM152.6 million public issue proceeds:
- RM79.1 million (51.8%) — new outlet expansion
- RM52.1 million (34.1%) — working capital
- RM12.6 million (8.3%) — upgrading and refurbishing existing outlets
- Remainder — listing expenses
💡 How to Increase Your Chances of Getting This IPO?
For popular retail IPOs, allocation is often oversubscribed — meaning demand exceeds supply.
One way savvy investors increase their chances is through IPO financing (IPO leverage).
Using IPO Financing leverage, you can apply for a larger number of shares with financing from M+ Global. If the IPO is successful, you only pay for the shares you’re allotted, but your effective subscription amount is multiplied, giving you a higher chance of allocation.
✅ Example:
You apply RM100,000 with 10x IPO financing → total subscription RM1,000,000.
If the IPO is oversubscribed 10x, your chances of getting a portion are significantly better than someone applying RM3,000 in cash.
With Foodie Media’s popularity, IPO leverage could make the difference between getting shares or missing out.
How to Apply this IPO?
1. Download M+ Global app
2. Sign up using phone number
3. Enter my Invitation Code: UBZQ
4. Contact me on how to apply using IPO financing (You can get 10x financing to increase the chance)
5. Visit my tutorial on IPO Financing
