Yes Group Management Bhd has set its ACE Market IPO price at 18 sen per share. The MICE (meetings, incentives, conferences and exhibitions) solutions provider expects gross proceeds of RM16.54 million, and the application period closes on Nov 13.
What Is the Yes Group ACE Market IPO Price and Size?
The IPO involves 137.8 million shares, equal to 26 per cent of the enlarged issued share capital of 530 million shares. The public issue is 91.87 million new shares, while the offer for sale is 45.93 million existing shares.
At 18 sen, the 91.87 million new shares work out to the RM16.54 million gross proceeds. The 45.93 million offer-for-sale shares therefore generate cash for selling shareholders, not the company.
The estimated market capitalisation is RM95.4 million upon listing, which matches 530 million shares at 18 sen.
How Is the 137.8 Million Share Offer Split?
- Malaysian public (balloting): 26.5 million shares from the public issue
- Eligible persons: 5.3 million shares from the public issue
- Bumiputera investors approved by MITI: 60.07 million shares from the public issue
- Bumiputera investors (offer for sale): 6.18 million shares
- Selected investors (offer for sale): 39.75 million shares
Malaysian public balloting covers 26.5 million shares, or 19.2 per cent of the offer. The largest single allocation is the 60.07 million shares placed with Bumiputera investors, or 43.6 per cent.
Where Will the RM16.54 Million Go?
- RM6.5 million: expansion of ground transportation services in Europe and a UK regional office
- RM3 million: establishment of Yes Academy
- RM3.04 million: general working capital
- RM4 million: listing expenses
Europe and the UK office take the largest share at RM6.5 million, or 39.3 per cent of gross proceeds. Yes Academy will develop tour leaders and tour managers in line with the company’s service standards.
Who Is Yes Group and What Does It Sell?
Yes Group traces its beginnings to Yes Travel & Holidays Sdn Bhd in 2008, giving it 18 years of operating history. Its MM2H solutions run through subsidiary Yes Second Home (MM2H) Sdn Bhd, alongside customised incentive travel and event planning.
Its end-to-end services cover itinerary planning, travel arrangements, event coordination, execution and post-travel support. Customers span Malaysia, Asia, Europe, Oceania, America and Africa.
Managing director Angela Mak Shau Kwan said: “Through this IPO, we aim to strengthen our capabilities and support the next phase of growth.” The company also plans to expand its MM2H segment.
What Are the Key Dates for the Yes Group IPO?
- Application opens: with the prospectus launch
- Application closes: Nov 13
- Balloting: Nov 17
- Share allotment: Nov 24
- ACE Market listing: Nov 26
Malacca Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.
Does the Yes Group IPO Disclose Its Financial Track Record?
The source article does not disclose Yes Group’s revenue, net profit or EPS, and it gives no peer valuation comparison. The prospectus is where these figures sit, and it is worth reading before the Nov 13 close.
The article also does not list key risks. The use of proceeds does show that Europe and the UK are the core growth bet.
How Do You Apply for the Yes Group IPO via M+ Global?
Apply through the M+ Global app using invitation code UBZQ. Online applications need a direct CDS account in your own name, and you may submit only one application per IPO.
Retail portions are balloted when an IPO is oversubscribed, and balloting for this offer is set for Nov 17. For help, WhatsApp +60169059789. You can also read the IPO Investing with M+ Global guide.
Key Takeaways
- Yes Group prices its ACE Market IPO at 18 sen per share.
- Gross proceeds are RM16.54 million, with an estimated market capitalisation of RM95.4 million.
- The 137.8 million share offer represents 26 per cent of the enlarged 530 million share base.
- RM6.5 million targets European ground transport and a UK regional office.
- Application closes Nov 13, with listing on Nov 26.
This article is general information, not personal financial advice. Do your own research and read the prospectus before making any decision.
Frequently Asked Questions
How much is the Yes Group IPO price per share?
The Yes Group ACE Market IPO is priced at 18 sen per share. The offer involves 137.8 million shares and is expected to raise gross proceeds of RM16.54 million.
When does the Yes Group IPO application close?
The application period closes on Nov 13. Balloting is scheduled for Nov 17, share allotment for Nov 24, and the ACE Market listing for Nov 26.
How do I apply for the Yes Group IPO in Malaysia?
Use the M+ Global app with invitation code UBZQ. You need a direct CDS account in your own name, and only one application per IPO is allowed.
How much will Yes Group raise from its IPO?
Yes Group expects gross proceeds of RM16.54 million from the IPO. Of that, RM6.5 million is earmarked for European ground transport expansion and a UK regional office.
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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