BMS Holdings Berhad (“BMS Holdings” or the “Company”), a deep-rooted Malaysian retailer and distributor specialising in tiles, stone surfaces, bathware and kitchenware, is pleased to announce that the public portion of its Initial Public Offering (“IPO”) has been subscribed by 2.40 times, in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
To recap, BMS Holdings’ IPO comprises a Public Issue of 364.00 million new ordinary shares (“Issue Share(s)”) and an Offer for Sale of 156.00 million existing shares (“Offer Share(s)”), representing a total of 33.77% of the Group’s enlarged number of issued shares of 1.54 billion, structured as follows:
Public Issue
- Malaysian Public: 77.00 million Issue Shares or 5.00% of the enlarged number of issued shares made available for application by the Malaysian public.
- Eligible Persons: 61.60 million Issue Shares or 4.00% of the enlarged number of issued shares made available for application by eligible directors, employees and persons who have contributed to the success of the Group.
- Private Placement to Selected Investors: 188.90 million Issue Shares or 12.27% of the enlarged number of issued shares made available by way of private placement to selected investors.
- Private Placement to Bumiputera Investors: 36.50 million Issue Shares or 2.37% of the enlarged number of issued shares made available by way of private placement to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”).
Offer for Sale
- Private Placement to Bumiputera Investors: 156.00 million OfferShares or 10.13% of the enlarged number of issued shares made available by way of private placement to selected Bumiputera investors approved by the
The Company received a total of 4,470 applications for 185,072,700 Issue Shares from the Malaysian public, representing an overall subscription rate of 2.40 times.
Under the Bumiputera public portion, BMS Holdings received 1,947 applications for 45,742,800 million Issue Shares, translating to a subscription rate of 1.19 times. Under the other Malaysian public portion, the Company received 2,523 applications for 139,329,900 million Issue Shares, representing a subscription rate of 3.62 times.
Mr. Ang Kwee Peng, Managing Director of BMS Holdings Berhad, commented,
“The interest received for our IPO demonstrates the steady support and the market’s appreciation of our retail platform and underlying fundamentals. This milestone reflects over three decades of dedication, innovation, and trust built with our customers and partners. The funds raised will accelerate our expansion, enhance our retail network, strengthen our supply chain infrastructure, and support our long-term growth strategy.
We would like to express our sincere gratitude to all investors for their support, as well as to the regulators, our advisers, and the entire working group for their unwavering support and guidance throughout this IPO process.”
With steady investor support and a clear strategic roadmap, BMS Holdings will continue strengthening its retail-led business model while delivering sustainable long-term value to all stakeholders.
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Placement Agent for BMS Holdings Berhad’s IPO.
BMS Holdings Berhad is scheduled to be listed on the ACE Market of Bursa Malaysia Securities Berhad on 8 December 2025.
For more information, visit https://bmsholdings.com.my/en/.
