BMS Holdings Bhd, a retailer and distributor of tiles, stone surfaces, bathware, and kitchenware, is set to raise RM80.08 million through its initial public offering (IPO) as it prepares for its listing on Bursa Malaysia’s ACE Market on Dec 8, 2025.
Managing director Ang Kwee Peng said the IPO proceeds will help the company boost operational capacity, expand its retail footprint, and continue innovating to meet evolving consumer trends.
From left: BMS Holdings’ Lee Kong Siong, Ang Wei Liang, Lee Kok Chuan, Ang Kwee Peng, and Alliance Islamic Bank’s Rizal IL-Ehzan Fadil Azim, Teoh Chu Lin, Tee Kok Wah, Lim Shueh Li.
“The funds will be used to build new retail showrooms and a regional distribution centre to improve logistics, upgrade digital platforms, and support our growth initiatives,” he said. “This listing represents both a strategic expansion and a reaffirmation of our commitment to long-term sustainable growth and brand excellence.”
BMS Holdings plans to allocate the proceeds as follows: RM34.28 million for new showrooms and operational expansion, RM17 million for upgrading existing facilities and ICT systems, RM4 million for marketing, RM18.8 million for working capital, and RM6 million for listing-related expenses.
The IPO will consist of a public issue of 364 million new shares and an offer for sale of 156 million existing shares, representing 33.77% of the company’s enlarged issued share capital of 1.54 billion upon listing.
At an IPO price of 22 sen per share, BMS Holdings’ market capitalisation at listing is estimated at RM338.8 million. Applications for the public issue open today and will close at 5 pm on Nov 19, 2025.
Alliance Islamic Bank Bhd is acting as the principal adviser, sponsor, sole underwriter, and placement agent for the IPO.
