Mar 2024

value

RM 195 million

SBH Marine Holdings Berhad (“SBH Marine”) made a successful debut on the ACE Market of Bursa Malaysia Securities Berhad on 8 April 2024.

SBH is an integrated seafood processor and exporter, principally involved in the business of marine shrimp aquaculture and processing of frozen seafood.

Market capitalisation upon listing was RM195 million, with the public portion oversubscribed by over 28 times, reflecting strong investor confidence in the group’s regional expansion and cold-chain capabilities.

The IPO was priced at RM0.22 per share and raised RM51 million through the public issue and offer for sale.

WYNCORP was appointed as the Corporate Finance Adviser for the IPO, supporting SBH Marine in executing a growth-focused capital-raising exercise and IPO journey.