KUALA LUMPUR: BMS Holdings Bhd
, a retailer and distributor of tiles, stone surfaces, bathware and kitchenware, aims to raise RM80.08mil 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 yesterday. — Bernama
Of the total proceeds, BMS Holdings plans to use RM34.28mil for expansion of operations and new retail showrooms, RM17mil for upgrading existing facilities and information and communications technology systems, RM4mil for marketing activities, RM18.8mil for working capital and RM6mil 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% 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 RM338.8mil,” it added.
Applications for the public issue will close at 5pm on Nov 19, 2025.
Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter and placement agent for the IPO. — Bernama
