KUALA LUMPUR: Semico Capital Bhd launched its prospectus in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.
Executive Director and CEO Tai Lee Chuen said the prospectus launch reflects how far the company have come and the potential that lies ahead.
“What started as a small trading business has now evolved to become a key supplier for family entertainment centres as well as a distributor of more than 60 toy and collectable brands in Malaysia.”
“As we step into the next phase of growth in our journey, we remain steadfast in our focus and belief in creating moments of joy for families and communities. We see vast opportunities ahead, and this IPO exercise would enable us to accelerate our growth plans, scale our operations and further expand our presence nationwide,” he said in a statement.
Semico Capital provides family entertainment products and services, including supplying arcades and amusement machines, operating a family entertainment centre at the Mines shopping centre in Selangor, and wholesaling and distributing toys and collectables.
Within the family entertainment segment, the group is the exclusive authorised
distributor for game developers and machine manufacturers, Superwing, and
Dreamfuns also holds authorised distributorships for other brands, including ACE Amusement, UNIS, Jakar, and DOF Robotics.
These collaborations underpin the group’s nationwide footprint, which spans 77 customer stores across Malaysia and features its family entertainment offerings.
In the toys and collectables segment, the group distributes key brands such as Pop
Mart, Funism, Jotoys and ToyCity.
Its portfolio comprises 68 brands and is available at its customers’ 303 retail outlets across Malaysia, including specialised convenience stores, hobby stores, toy stores, cinemas, and family entertainment centres.
The IPO exercise comprises a public issue of 92.7 million shares, representing 25.7% of the enlarged issued share capital, and an offer for sale of 18.0 million shares, representing 5.0% of the enlarged issued share capital.
Of the 92.7 million shares, 18.0 million shares will be made available to the Malaysian Public via balloting; 15.0 million Issue Shares to eligible directors, employees, and business associates who have contributed to the success of the group, and the remaining 59.7 million shares will be made available by way of private placement to selected investors.
Meanwhile, the 18.0 million shares will be offered in a private placement to selected investors.
Upon listing, Semico Capital will have a market capitalisation of RM90.0 million, based on its enlarged issued share capital of 360.0 million shares and IPO price of RM0.25 per share.
“The industries we serve are growing rapidly, making this an opportune time for us to take the next step and go public. We will use IPO proceeds to increase our arcade and amusement machine business by purchasing new machines and replacing older units to offer refreshed experiences.
“We also aim to broaden our portfolio by bringing in more toys and collectable brands for our customers,” Tai said.
The Independent Market Report by Protégé Associates Sdn Bhd projects that the family entertainment and edutainment centres market in Malaysia will reach RM1.9 billion by 2029, with a 5-year compound annual growth rate (CAGR) of 10.2%.
This is supported by steady demand for leisure activities, strong domestic tourism, and ongoing government initiatives to enhance the tourism sector.
Meanwhile, the pop toys industry is anticipated to grow rapidly, with its market size projected to reach RM512.5 million by 2029, representing a 5-year CAGR of 28.9%.
The expected RM23.2 million IPO proceeds are set to be utilised in for the purchase of new arcade and amusement machines comprising RM8.5 million (36.7%) for arcade and amusement machine distribution business expansion and RM2.1 million (8.9%) for the replacement of existing arcade and amusement machines, as well as RM2.5 million (10.8%) for the purchase of toys and collectables, RM1.6 million (6.9%) for the repayment of bank borrowings, RM4.0 million (17.3%) for working capital, and RM4.5 million (19.4%) for estimated listing expenses.
Financially, Semico Capital’s revenue grew to RM29.7 million in the financial year
ended June 30, 2025 (FY25) from RM5.3 million in FY22, delivering a 3-year CAGR of 78.1%.
The strong performance was driven by the group securing more locations from major customers, gaining new customers and recording steady sales growth across the family entertainment, toys and collectables segments.
In tandem with the top-line growth, the group’s profit after tax attributable to the common controlling shareholders/owners increased to RM6.0 million from RM1.2 million over the same period, translating into a 3-year CAGR of 72.5%.
Following the prospectus launch, applications for the public issue will be closed on January 2, 2026.
The group is scheduled to be listed on the ACE Market of Bursa Malaysia on January 13, 2026.
Affin Hwang Investment Bank Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO exercise.
