On 2 June 2021, Pekat Group Bhd (Pekat) had launched its IPO Shares where its shares are offered at 32 sen a share.

Pekat’s market capitalisation will stand at a total of RM 206.4 million after the IPO listing. Pekat IPO shall end in 8 days on 10 June 2021 and its listing date is tentatively set on 23 June 2021.

To read more about its prospects, you may download Pekat’s IPO Prospectus (Part 1 & Part 2).

Alternatively, you may spend 5-10 minutes where I had summarized 7 things to know before investing into it:

#1 Business Model 

Pekat derives income from three business divisions:

  • Solar
  • Earthing and Lightning Protection (ELP) systems
  • Trading

Solar:

Pekat designs, supplies, and installs solar PV facilities for industrial, commercial, and residential building owners either under a fixed contract or a fixed+variable periodic payment contract.

Over the last 10 years, Pekat has achieved growth in its annual installed capacity, up from 231 kWP in 2011 to as high as 19,123 kWP in 2019 before dropping to 12,235 kWP in 2020.