From left: BMS Holdings Bhh chief operating officer Lee Kong Siong, BMS Holdings chief marketing officer Ang Wei Liang, BMS Holdings executive director Lee Kok Chuan, BMS Holdings managing director Ang Kwee Peng, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate & institutional banking officer Teoh Chu Lin, Alliance Islamic Bank Bhd head/senior vice president of corporate finance of islamic capital markets Tee Kok Wah and Alliance Islamic Bank Bhd head/senior vice president of coverage & origination of Islamic Lim Shueh Li.
KUALA LUMPUR: BMS Holdings Bhd
, a retailer and distributor of tiles, stone surfaces, bathware and kitchenware, aims to raise RM80.08 million from its initial public offering (IPO) in conjunction with its listing on the ACE Market of Bursa Malaysia Securities Bhd on Dec 8, 2025.
Managing director Ang Kwee Peng said the IPO will enable the company to strengthen its operational capacity, expand its retail presence and continue innovating in line with the changing of consumer trends.
"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," he said in a statement today.
Of the total proceeds, BMS Holdings plans to use RM34.28 million for expansion of operations and new retail showrooms, RM17 million for upgrading existing facilities and information and communications technology systems, RM4 million for marketing activities, RM18.8 million for working capital, and RM6 million for estimated listing expenses.
The company said the IPO will comprise a public issue of 364 million new shares and an offer for sale of 156 million existing shares, which together represent about 33.77 per cent of its 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,” it added.
Applications for the public issue are open from today and will close at 5 pm on Nov 19, 2025.
Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter and placement agent for the IPO. - Bernama
