Big Caring Group Targets RM8 Billion Valuation in Bursa Malaysia IPO, Backed by 19 Cornerstone Investors

Kuala Lumpur, 29 October 2026 – Big Caring Group Bhd (BCG), Malaysia’s largest pharmacy retailer by revenue and number of licensed pharmacies, launched its initial public offering (IPO) prospectus on Thursday ahead of a scheduled Main Market listing on 19 November 2026. The group is targeting an indicative market capitalisation of approximately RM8 billion, based on a maximum IPO price of RM1.08 per share, with the issuance of 590.5 million new shares expected to raise up to RM637.8 million.

For investors, the proposed listing introduces one of Malaysia’s largest organised pharmacy retail businesses to Bursa Malaysia, with more than 600 outlets nationwide and operations extending into pharmaceutical distribution, manufacturing and healthcare services. The IPO has attracted 19 cornerstone investors, while BCG plans to allocate most of the proceeds from newly issued shares towards reducing bank borrowings, strengthening its balance sheet ahead of its next phase of growth.