Kuala Lumpur, Nov 13: BMS Holdings Berhad has officially launched its prospectus ahead of its upcoming listing on the ACE Market of Bursa Malaysia, with the company aiming to raise RM80.08 million to support its nationwide expansion plans.
The Malaysian retailer and distributor, established in 1993, specialises in tiles, stone surfaces, bathware and kitchenware under a wide portfolio of well-known brands. Through its “Jubin BMS” retail network, the Group operates 20 showrooms across Peninsular Malaysia and Sarawak, supported by multiple distribution and warehousing facilities.
The Group’s product range spans porcelain and ceramic tiles, natural stone surfaces such as marble and granite, engineered stones and mosaic tiles, complemented by bathware and kitchenware brands including eurano and U+BMS.
Independent market research cited in the prospectus shows the Malaysian ceramic tiles market was valued at RM1.38 billion in 2023, while ceramic sanitaryware reached RM259 million. Based on revenue contribution, BMS Holdings currently commands an estimated 17% share of the ceramic tiles segment and 12% of the ceramic sanitaryware segment.
Ang Kwee Peng, Managing Director of BMS Holdings Berhad, commented, “The launch of our prospectus marks a major milestone in our 32-year journey from a regional retailer to one of Malaysia’s established retailer and distributor specialising in tiles, stone surfaces, bathware and kitchenware. This IPO will enable us to strengthen our operational capacity, expand our retail presence, and continue innovating in line with changing consumer trends. We aim to bring modern, quality surface and design products closer to homeowners, contractors, and developers nationwide.”
He added, “The funds raised will be channelled towards building new retail showrooms and a regional distribution centre to enhance logistics efficiency, upgrading our digital platforms, and supporting our growth initiatives. This listing is not only a strategic expansion opportunity but also a reaffirmation of our long-term commitment to sustainable growth and brand excellence.”
Proceeds from the IPO will be allocated across several initiatives: RM34.28 million for new showrooms and operational expansion, RM17 million for facility upgrades and ICT enhancements, RM4 million for marketing, RM18.80 million for working capital and RM6 million for listing expenses.
The IPO consists of 364 million new shares and 156 million offer-for-sale shares, representing 33.77% of the enlarged share capital of 1.54 billion shares. At the issue price of RM0.22 per share, BMS Holdings is expected to achieve a market capitalisation of approximately RM338.8 million upon listing.
The company’s revenue rose from RM207.89 million in FY2022 to RM320.18 million in FY2025, with profit after tax more than doubling from RM10.33 million to RM21.47 million over the same period. Johor contributed 68 per cent of FY2025 revenue, with the remainder from Selangor, Kuala Lumpur, Negeri Sembilan and Sarawak.
Applications for the public issue close on 19 November 2025 at 5pm, and BMS Holdings is slated to debut on the ACE Market on 8 December 2025.
Alliance Islamic Bank Berhad serves as the principal adviser, sponsor, sole underwriter and placement agent for the IPO.
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