Introduction
Semico Capital Berhad is an investment holding company. Through its subsidiaries, Semico Capital Berhad specializes in the provision of family entertainment products and services, including the supply of arcade and amusement machines and the operation and management of family entertainment centres, as well as the wholesale and distribution of toys and collectables.
Founded over two decades ago, Semico holds authorised distributorships with various game and machine manufacturers and distributes products from dozens of toy and collectibles brands, including popular names like Pop Mart.
Semico Capital Berhad is scheduled to be listed on the ACE Market under the Consumer Products & Services sector, with a listing price of RM0.250 per share.
The company has an issued share base of 360 million shares, translating into an estimated market capitalisation of RM90 million with price-earnings (PE) ratio of 13.63.
The offering is not Shariah-compliant and does not include a MITI allocation.
Use of IPO Proceeds
Nearly half of the IPO proceeds (45.54%) will be use directly into expanding and upgrading arcade and amusement machines, highlighting the company’s focus on scaling its core business. Combined with allocations for toys and collectables (10.79%) and working capital (17.34%), a significant portion of the funds is geared towards growth and operational expansion, while a smaller share is used to reduce debt (6.91%) and cover listing costs (19.42%).
Semico Capital Berhad shows strong performance with revenue growing by 34.34%, meaning the company is expanding quickly. It also maintains a profit margin of 22.24%, showing that it keeps a good portion of its earnings as profit. In addition, a high ROE of 40.33% indicates that the company uses shareholders’ money very efficiently to generate returns.
Post-IPO Shareholding Structure
Following the IPO, Semico Capital Berhad will have an enlarged issued share capital of 360 million shares. The company will remain promoter-controlled, with MARC Experience Sdn Bhd, the promoter and substantial shareholder, holding 65.62% of the total shares. This significant stake indicates continued control and long-term commitment by the founding shareholder.
The public and non-promoter shareholders will collectively hold approximately 34.38% of the company. This includes 25.74% from newly issued shares under the public issue and 5.00% from the offer for sale via private placement by the selling shareholder. The remaining shares are allocated to selected investors, eligible directors, employees, and business associates under the IPO structure, helping to broaden the shareholder base while still maintaining promoter stability.
The post-IPO shareholding structure balances strong promoter control (65.62%) with public and institutional participation (34.38%), which is typical for ACE Market listings.
Click here to view the full shareholding structure of Semico Capital Berhad.
Conclusion
Overall, Semico Capital Berhad presents a growth story backed by strong revenue growth, healthy profit margins, and a high return on equity. The IPO proceeds are largely directed toward business expansion rather than debt repayment, reflecting management’s growth-focused strategy. Coupled with continued promoter ownership post-listing, the company offers exposure to a recovering leisure industry and a fast-growing pop toys market.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Investment in securities involves risks, and investors are encouraged to do their own research or consult with a financial advisor before making any investment decisions.
Screenshot from ShareInvestor Pro (Date: 10/12/2025)