IPO selection oh IPO selection

Recently, two companies—Alpha IVF and ZANTAT—have been listed on Bursa Malaysia. Let’s delve into their initial public offerings (IPOs) and compare their key metrics:




1. ZANTAT

IPO Price (per share): 25 sen

1st Day IPO Price: 42 sen (highest)

PE Ratio (FY2023): 12.9x

Net Profit (FY2023): Not specified

Market Capitalization: RM70 million

Total Shares: 280 million

ZANTAT primarily focuses on high-grade calcium carbonate powder production and has ambitious plans to expand within the calcium carbonate and biodegradable products industries.


2. Alpha IVF

IPO Price (per share): 32 sen

1st Day IPO Price: 32 sen

PE Ratio (FY2023): 21.92x

Net Profit (FY2023): RM54.79 million

Market Capitalization: RM1.56 billion

Total Shares: 4.875 billion

Alpha IVF, specializing in assisted reproductive services, has demonstrated impressive financial performance, including substantial growth in PAT margins.

Summary as follows:

CompanyIPO Price (per share)1st Day IPO Price (highest)PE Ratio (FY2023)Net Profit (FY2023)Market CapitalizationTotal Shares
ZANTAT25 sen42 sen12.9xNot specifiedRM70 million280 million
Alpha IVF32 sen32.5 sen21.92xRM54.79 millionRM1.56 billion4.875 billion


Conclusion: It’s advisable to exercise caution with companies whose market capitalization exceeds 1 billion.