PETALING JAYA: BMS Holdings Bhd, a Malaysian retailer and distributor specialising in tiles, stone surfaces, bathware and kitchenware, launched its prospectus today in conjunction with its coming initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities.
Managing director Ang Kwee Peng commented, “The launch of our prospectus marks a major milestone in our 32-year journey from a regional retailer to one of Malaysia’s established retailer and distributor specialising in tiles, stone surfaces, bathware and kitchenware. This IPO will enable us to strengthen our operational capacity, expand our retail presence, and continue innovating in line with changing consumer trends. We aim to bring modern, quality surface and design products closer to homeowners, contractors and developers nationwide.”
He added, “The funds raised will be channelled towards building new retail showrooms and a regional distribution centre to enhance logistics efficiency, upgrading our digital platforms, and supporting our growth initiatives. This listing is not only a strategic expansion opportunity but also a reaffirmation of our long-term commitment to sustainable growth and brand excellence.”
BMS Holdings is expected to raise RM80.08 million and the proceeds will be utilised as follows: RM34.28 million for expansion of operations and new retail showrooms; RM17 million for upgrading existing facilities and ICT systems; RM4 million for marketing activities; RM18.8 million for working capital; and RM6 million for estimated listing expenses.
The IPO comprises a public issue of 364 million new shares (issue shares) and an offer for sale of 156 million existing shares (offer shares), collectively representing about 33.77% of BMS Holdings’ enlarged number of issued shares of 1.54 billion upon listing.
Based on the IPO price of 22 sen per share and its enlarged number of issued shares of 1.54 billion, BMS Holdings’ market capitalisation upon listing will be about RM338.8 million.
In terms of financial performance, the group’s revenue increased from RM207.89 million in the financial year ended June 30, 2022 to RM320.18 million in the financial year ended June 30, 2025. Concurrently, the group’s profit after tax rose from RM10.33 million to RM21.47 million over the same period.
In FYE 2025, revenue derived from Johor accounted for about 68% of the group’s total revenue, with the remainder derived from Selangor, Kuala Lumpur, Negeri Sembilan and Sarawak collectively, based on the geographical locations of the group.
Applications for the public issue will close on Nov 19. BMS Holdings is scheduled to be listed on the ACE Market of Bursa Securities on Dec 8.
Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter and placement agent for BMS Holdings’ IPO.
