The Emits ACE Market IPO is now open to investors. The Penang-based company makes antennas for consumer and industrial devices, including walkie-talkies, WiFi routers, 5G base station antennas and barcode scanners.
Emits sells to customers in Malaysia, the US and Germany. Its main factory is in Penang.
What Is the Emits ACE Market IPO Price and Size?
Emits is offering shares at 16 sen per share on the ACE Market. Combined, the offer raises about RM21 million.
- Market: ACE Market
- Offer price: 16 sen per share
- New shares (company): RM15 million
- Offer for sale (five selling shareholders): RM6 million
- Applications close: Nov 19
- Listing date: Dec 1
- Principal adviser, sponsor, underwriter and placement agent: Mercury Securities
Where Will the Emits IPO Proceeds Go?
Emits will set aside 45% of the new-share proceeds as working capital. That covers buying inputs and recruiting contract workers.
The company will allocate 27% to new equipment and machinery. The rest covers listing expenses.
The RM6 million from the offer for sale goes to the selling shareholders, not the company. They are managing director Loy Boon Liang, substantial investor Datuk Seri Goh Eng Hoe, executive director H’ng Chuen Yeou, chief technical officer Por Chee Seong and chief operating officer Ho Kooi Yong.
How Profitable Is Emits Ahead of the ACE Market Listing?
Emits made a net profit of RM5.2 million last year. Revenue was RM11.12 million over the same period.
The company has an assembly line in Taiwan, where a third-party contract manufacturer assembles semi-finished land mobile radio antennas.
What Does 14 Times Trailing Earnings Mean for Emits?
At 16 sen, Emits carries a RM75 million market capitalisation. That values the company at about 14 times trailing earnings.
Managing director Loy Boon Liang said: “Demand for high-performance antennas is expected to grow, driven by increasing needs for private mobile radio communication, as well as wireless connectivity from, among others, 5G and future 6G deployment.”
The source report gives no peer multiples. A like-for-like valuation comparison is not possible from this filing alone.
How Can Retail Investors Apply for the Emits IPO?
- Online applications need a direct CDS account in your own name.
- Apply through the M+ Global app using invitation code UBZQ.
- Submit only one application per IPO. Multiple applications are an offence under the Capital Markets and Services Act 2007.
- If the IPO is oversubscribed, retail portions are balloted.
- For assistance, WhatsApp +60169059789.
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What Are the Key Risks in the Emits IPO?
- Small revenue base: RM11.12 million revenue supports a RM75 million valuation.
- Growth depends on 5G and 6G: Loy’s demand outlook rests on these deployments.
- Taiwan assembly: Part of the production runs through a third-party contract manufacturer.
- Cash-out component: RM6 million goes to existing shareholders, not to growth.
- Capacity execution: 27% of new-share proceeds depends on equipment purchases delivering output.
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Disclaimer: This article is for information only and is not financial advice. Do your own research and consult a licensed adviser before investing in any IPO.
Key Takeaways on the Emits ACE Market IPO
- Offer price is 16 sen per share on the ACE Market.
- Combined raise of about RM21 million, with RM15 million going to the company.
- Applications close Nov 19; listing scheduled for Dec 1.
- Last year’s RM5.2 million net profit on RM11.12 million revenue underpins the 14x trailing earnings valuation.
Frequently Asked Questions
What is the offer price for the Emits ACE Market IPO?
The offer price is 16 sen per share. Applications close on Nov 19, and listing is scheduled for Dec 1.
How much will the Emits IPO raise?
The IPO raises RM15 million for Emits and RM6 million for five selling shareholders. That totals about RM21 million.
What is Emits’ valuation at the IPO price?
At 16 sen per share, Emits has a market capitalisation of RM75 million. That is about 14 times its trailing earnings.
Who is the underwriter for the Emits IPO?
Mercury Securities is the principal adviser, sponsor, underwriter and placement agent for the offer.
Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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