Kuala Lumpur, 22 October 2025 – Verdant Solar Holdings Berhad (“Verdant” or “the Company”) made a vibrant debut on the ACE Market of Bursa Malaysia Securities Berhad, opening at RM0.37 per share, a 19.35% premium over its IPO price of RM0.31. The stock further climbed to RM0.38, marking a 22.58% increase from its offer price as trading gained momentum.
At the opening bell, Verdant saw strong investor interest with 14.4 million shares traded under the stock name “VERDANT” (stock code: 0373). This debut follows an oversubscribed IPO by almost 40 times, reflecting investors’ strong confidence in the company’s growth prospects within Malaysia’s fast-expanding solar energy sector.
A New Chapter for Malaysia’s Residential Solar Leader
Verdant Solar’s Managing Director, Lim Tzer Haur, described the listing as a defining moment for the company and Malaysia’s renewable energy landscape:
“Today marks a major milestone as we debut on the ACE Market of Bursa Malaysia. This listing represents a significant step forward for Verdant as one of Malaysia’s top residential solar EPCC contractors. With the country intensifying its push toward renewable and sustainable energy sources, the demand for solar PV systems is set to grow, creating greater opportunities for Verdant. We are confident that today’s listing marks the beginning of a bright and sustainable future for the company.”
Lim added that the strong response to Verdant’s IPO, oversubscribed by nearly 40 times, demonstrates market confidence in the company’s business fundamentals and growth trajectory:
“We have successfully raised RM44.02 million through the IPO to expand our market presence, strengthen operations, and pursue strategic investments.”
Strengthening Expansion and Digital Capabilities
Verdant plans to allocate 31.8% of IPO proceeds to establish new branch offices in Kuantan, Melaka, and Ipoh to better serve customers across Peninsular Malaysia. Another 22.72% will be directed toward strategic investments, mergers, and acquisition opportunities, while 8.63% will enhance its digital infrastructure to improve operational excellence. The remainder will be used for working capital and listing-related expenses.
Based on its enlarged issued share capital of 817.62 million shares and the IPO price of RM0.31 per share, Verdant’s market capitalisation stands at approximately RM253.46 million.
Proven Track Record in Solar Solutions
Verdant is a leading provider of turnkey solar photovoltaic (PV) projects, offering end-to-end services — from design and engineering to installation, testing, and after-sales maintenance via its Verdant Home App. The company also trades solar-related products, including its in-house Verdant Star solar ventilation systems.
Over the past decade, Verdant has successfully completed 7,187 residential solar projects, solidifying its reputation as a trusted EPCC (Engineering, Procurement, Construction, and Commissioning) provider.
As Malaysia continues to advance toward its renewable energy goals under national initiatives such as the ATAP Programme, Verdant is strategically positioned to capture the rising demand for clean energy solutions in both urban and semi-urban markets.
Driving Malaysia’s Green Transition
Verdant’s strong debut underscores growing investor appetite for sustainability-driven investments and reinforces Malaysia’s renewable energy ambitions. The listing also highlights the increasing role of the private sector in supporting the nation’s clean energy transition and carbon neutrality objectives.
Mercury Securities Sdn Bhd served as the Principal Adviser, Sponsor, Underwriter, and Sole Placement Agent for Verdant Solar’s IPO.
