Oriental Kopi Holdings Berhad has successfully launched its prospectus today in conjunction with its upcoming initial public offering and listing on the ACE Market of Bursa Malaysia Securities Berhad.

The group aims to raise RM184 million from the IPO exercise using the raised funds for its new headquarters and expanding its chain.

Managing Director of Oriental Kopi, Dato' Chan Jian Chern said,""A key component of our growth strategy is the establishment of a new head office, central kitchen and warehouse with an estimated built-up area of approximately 108,448 square feet in Selangor. The New Operational Facility will centralise our management functions, optimise F&B operations, and enhance storage and distribution efficiency. Concurrently, we will continue to expand our cafe chain in Malaysia while strategically growing our brands of packaged foods and investing in targeted marketing activities to expand our presence in international markets," Dato' Chan concluded.

Oriental Kopi's IPO involves the public issuance of 418.1 million new ordinary shares, representing 20.9% of the Company's enlarged number of issued shares of 2.0 billion ordinary shares upon its listing.

Based on the IPO price of RM0.44 per share and its enlarged issued share capital of 2.0 billion ordinary shares, Oriental Kopi's market capitalisation upon listing will be approximately RM880.0 million.

In terms of financial performance, the Group's revenue has grown from RM5.0 million in the financial year ended 30 September 2021 to RM277.3 million in the financial year ended 30 September 2024, representing a 3-year compound annual growth rate of approximately 280.9%. Concurrently, profit after tax ("net profit") improved significantly, transitioning from a loss after tax of RM0.5 million to a net profit of RM43.1 million over the same period.

In FY2024, cafe chain operations accounted for 94.1% of the Group's total revenue, with the remaining 5.9% derived from the distribution and retail of its brands of packaged foods and others segment.

Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Placement Agent for the IPO exercise.