BWYS Group Berhad IPO: Key Details and Capital Allocation Plans

​BWYS Group Berhad is preparing for an initial public offering (IPO) on the Malaysian stock market. 

BWYS Group Berhad

Here are some key points about this upcoming listing:

1. Fundraising target: The IPO aims to raise approximately RM78.39 million.
2. Share structure:
   • Issuance of 256.3 million new shares
   • Offer for sale of 100 million existing shares by current shareholders
3. Proceeds allocation:
   • RM22.84 million (40.4%): Construction of a new factory in Penang
   • RM10.83 million (19.2%): New enterprise resource planning system and production
   • RM7.72 million (13.7%): New machinery and equipment
   • RM5.5 million (9.8%): Working capital
   • RM4 million (7.1%): Repayment of bank borrowings
   • RM5.5 million (9.8%): Listing exercise expenses
4. Shareholder offer: About 28.06% (RM22 million) will be raised through an offer for sale by existing shareholders.

This IPO represents a significant move for BWYS Group Berhad, potentially allowing them to expand operations, improve technology infrastructure, and strengthen their financial position. The allocation of funds suggests a focus on growth and operational efficiency.

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Open a Direct CDS account with us today and participate in the IPO with ease.
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​To sign up for a 15-Digit Direct CDS Account Number to apply IPO,

1. Download M+ Global app
2. Sign up online
3. Choose the Malaysia Market
4. Enter my Invitation Code, which is UBZQ
5. Pay RM11 to register a Bursa Direct CDS number.
6. Wait for the email confirmation
7. Follow the steps here https://www.dexterchia.com/blog/initial-public-offering-ipos-in-malaysia-how-do-you-apply