Semico Capital Berhad has unveiled its prospectus for a RM23.2m initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities. The company, a key player in family entertainment and toy distribution, plans to use the funds to expand its arcade and amusement machine business and broaden its toy and collectables portfolio.
The IPO will issue 92.7 million new shares, representing 25.7% of the company’s enlarged share capital, with an additional 18 million existing shares offered for sale. Upon listing, Semico Capital’s market capitalisation is expected to reach RM90m, based on an IPO price of RM0.25 per share.
Executive Director and CEO Tai Lee Chuen highlighted the significance of this milestone, stating, “The prospectus launch today is a very meaningful moment for us. It reflects how far we have come and the potential that lies ahead.” The company, which began as a small trading business, now distributes over 60 toy brands across Malaysia.
The IPO proceeds will be allocated to purchasing new arcade machines, replacing older units, acquiring new toy brands, repaying bank borrowings, and covering listing expenses. This strategic move comes as the family entertainment market in Malaysia is projected to grow to RM1.9b by 2029, with a CAGR of 10.2%, according to Protégé Associates.
Applications for the public issue are open until 2 January 2026, with the listing scheduled for 13 January 2026. Affin Hwang Investment Bank Berhad is the principal adviser for the IPO.
