Vanzo Holdings Berhad, Malaysia’s leading homegrown air fragrance company, is making headlines with its Initial Public Offering (IPO) on Bursa Malaysia. The IPO seeks to raise RM21 million, with 93.35 million new shares offered alongside the sale of 46.68 million existing shares.
Funds Allocation:
- RM6.6 million for expanding its brand visibility through four new retail kiosks.
- RM3 million for repaying bank borrowings.
- Remaining funds for working capital and IPO-related expenses.
Vanzo is revolutionizing the air fragrance market with plant-based, chemical-free products, ensuring healthier air for motorists and homes alike. Founded in Selangor, Malaysia, the company leverages over five years of expertise to create innovative, safe, and eco-friendly air fragrances.
With consistent growth and a strong commitment to quality, Vanzo became Malaysia’s top air fragrance brand by sales value in 2023. Its IPO offers a unique opportunity to support a homegrown brand making a difference.
Sign up for a CDS account through M+ Global (Invitation Code: UBZQ) to apply for the IPO directly!
You can view my previous blog post on how to apply Malaysia IPO via M+ Global app.
