Winstar Capital Berhad IPO: Expanding Solar PV and Aluminium Fabrication on ACE Market  Winstar Capital Berhad going to listed on Bursa Malaysia Winstar Capital Berhad, a leader in aluminium extrusion and solar PV solutions, is set to debut on Bursa Malaysia’s ACE Market in December 2024. The IPO seeks to raise RM25.88 million, offering 56.55 million new shares and 17.4 million existing shares for sale. Key Details:
Financial Performance: Winstar posted a profit after tax (PAT) of RM8.02 million in FY2023, a 52% increase from FY2022, with revenue surging to RM153.69 million. At an IPO price of 35 sen per share, the market capitalisation is expected to reach RM101.5 million with a 12x P/E ratio. Shareholders can anticipate a 30% PAT dividend payout annually. This IPO is a chance to invest in Malaysia’s burgeoning renewable energy and manufacturing sector. By signing up for a DIRECT CDS Account today! With a DIRECT CDS Account, you'll have the ability to apply for Winstar Capital Berhad directly, giving you the chance to secure your shares before they hit the market.
Can you apply IPO with your Nominee CDS account? Answer: NO Why? You may check my detail explanation at this blog post. You need a Direct CDS Account Number to apply for an IPO in Malaysia. To sign up for a 15-Digit Direct CDS Account Number, 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
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