KUALA LUMPUR, 26 November 2025 — BMS Holdings Berhad, a long-established Malaysian retailer and distributor of tiles, stone surfaces, bathware and kitchenware, saw strong investor interest for its Initial Public Offering (IPO), with the public portion oversubscribed 2.40 times ahead of its listing on the ACE Market of Bursa Malaysia.
According to the company, a total of 4,470 applications for 185,072,700 shares were received from the Malaysian public.
The Bumiputera public tranche recorded a 1.19 times subscription rate with 1,947 applications, while the remaining Malaysian public portion saw a stronger response at 3.62 times, driven by 2,523 applications.
IPO Structure: 364 Million New Shares and 156 Million Offer-for-Sale Shares
The IPO consists of:
- 364.00 million new shares under the public issue
- 156.00 million existing shares under the offer for sale
Together, they represent 33.77% of the enlarged issued share capital of 1.54 billion shares.
Breakdown of the public issue includes:
- 77.00 million shares for the Malaysian public
- 61.60 million shares for eligible persons
- 188.90 million shares via private placement to selected investors
- 36.50 million shares via private placement to MITI-approved Bumiputera investors
The offer-for-sale portion consists of 156.00 million shares offered to MITI-approved Bumiputera investors.
Managing Director: Investor Response Reflects Confidence in Brand
Managing Director Ang Kwee Peng said the oversubscription reflects steady support for the company’s retail platform and long-term business fundamentals.
“This milestone reflects over three decades of dedication, innovation, and trust built with our customers and partners,” he said.
He added that proceeds from the IPO will support the Group’s expansion plans, strengthen its retail network, enhance supply chain infrastructure and advance its long-term growth strategy.
Listing Set for 8 December
BMS Holdings, which operates a nationwide retail-led business model, said it will continue focusing on sustainable value creation for stakeholders as it enters its next phase of growth.
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Placement Agent for the IPO.
The company is scheduled to make its debut on the ACE Market on 8 December 2025.
