Semico Capital Berhad (“Semico Capital”), a provider of family entertainment products and services, as well as a wholesaler and distributor of toys and collectibles, has officially launched its prospectus today in conjunction with its initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Photo caption (L–R): Ms. Ang Sew Fong, Executive Director & HR Head, Semico Capital, Mr. Tai Lee Chuen, Executive Director & CEO, Semico Capital, Dato’ Sri Ramli Bin Mohamed Yoosuf, Independent Chairman, Semico Capital, En. Hasli Bin Hashim, Chairman, Affin Hwang, En. Hanif Bin Ghulam Mohammed, CEO, Affin Hwang and En. Johan Hashim, MD, Capital Markets, Affin Hwang.
Through its subsidiaries, the Group operates a family entertainment business that includes arcade and amusement machines, a family entertainment centre at The Mines shopping centre in Selangor, and nationwide distribution of toys and collectibles. Semico Capital is the exclusive authorised distributor for Superwing and Dreamfuns, and holds distributorships for ACE Amusement, UNIS, Jakar, and DOF Robotics. Its products and services are available at 77 customer stores nationwide.
In the toys and collectibles segment, the Group distributes 68 brands, including Pop Mart, Funism, Jotoys, and ToyCity, across 303 retail outlets in Malaysia. These include specialised convenience stores, hobbyist stores, toy stores, cinemas, and family entertainment centres.
Mr. Tai Lee Chuen, Executive Director and CEO of Semico Capital, said, “The prospectus launch is a significant milestone for us. From a small trading business, we have grown into a key supplier of family entertainment solutions and a distributor of over 60 toys and collectibles brands. This IPO will help us accelerate growth, expand nationwide, and continue creating moments of joy for families and communities.”
According to an Independent Market Report by Protégé Associates Sdn Bhd, Malaysia’s family entertainment and edutainment centre market is projected to reach RM1.9 billion by 2029, growing at a five-year CAGR of 10.2%. The pop toys market is expected to reach RM512.5 million by 2029, with a five-year CAGR of 28.9%.
Use of IPO Proceeds
The IPO is expected to raise RM23.2 million, which will be used to:
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Purchase new arcade and amusement machines and replace older units (RM10.6 million, 45.6%)
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Acquire new toys and collectibles (RM2.5 million, 10.8%)
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Repay bank borrowings (RM1.6 million, 6.9%)
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Fund working capital (RM4.0 million, 17.3%)
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Cover listing expenses (RM4.5 million, 19.4%)
The IPO comprises 92.7 million new ordinary shares (“Issue Shares”), representing 25.7% of the enlarged issued share capital, and an offer for sale of 18.0 million existing shares (“Offer Shares”), representing 5.0% of the enlarged share capital. Of the Issue Shares, 18.0 million will be offered to the Malaysian public, 15.0 million to eligible directors, employees, and business associates, and 59.7 million through private placement to selected investors.
Upon listing, Semico Capital is expected to have a market capitalisation of RM90.0 million, based on an IPO price of RM0.25 per share and an enlarged issued share capital of 360.0 million shares.
Financially, the Group’s revenue grew from RM5.3 million in FYE 2022 to RM29.7 million in FYE 2025, representing a three-year CAGR of 78.1%. Profit after tax increased from RM1.2 million to RM6.0 million over the same period, a three-year CAGR of 72.5%. The growth was driven by expanded locations, new customers, and steady sales across both business segments.
Applications for the public issue open today and will close on 2 January 2026 at 5:00 pm. The Group is scheduled to be listed on the ACE Market on 13 January 2026.
Affin Hwang Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Placement Agent, and Sole Underwriter for the IPO.
