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2 more weeks left to apply, ASM Automation is expected to be valued at RM90.91 million which values the company at about 12 times its most recent earnings.
ASM will raise approximately RM21.82 million from the IPO, which will be used for the following purposes:
- RM11.40 million for the acquisition of land and construction of a new factory to increase production and assembly capacity.
- RM2.30 million for purchase of machines and purchase of equipment and components for the assembly of demonstration machineries to support operational growth and customer engagement.
- RM2.00 million for Design & Development (“D&D”) activities to enhance research and development capabilities.
- RM1.92 million for working capital to support day-to-day operations.
- RM4.20 million for listing expenses.
ASM Automation offers front-of-line processing and end-of-line packaging automation systems. Its services include machine modification and upgrades, maintenance support, and the supply of components and spare parts. Another IPO of daily necessities
