On 28 June 2023, MST Golf Group Bhd (MST Golf) launched its IPO [check out the IPO Prospectus (Part 1, Part 2 and Part 3)] at RM 0.81 per share. Upon listing, MST Golf’s market capitalisation would be lifted to RM 664.90 million. Source: Page 19 of MST Golf’s IPO Prospectus MST Golf IPO application would be closed on 7 July 2023 and its shares would be listed on Bursa Malaysia on 20 July 2023. Here, I’ll summarise 7 things to know about MST Golf IPO…

1. Corporate Profile

MST Golf sells golf clubs, golf balls, golf apparels, and golf related accessories in 44 outlets located in Malaysia and Singapore. In addition, MST Golf offers many related services such as golf coaching, rental of golf equipment, and planning of golf tournament events. Here’s an example of its online store too: Presently, MST Golf sells 12,000 store keeping units (SKUs) under 97 key brands namely:

• Calvin Klein,
• PGA Tour,
• Under Armour,
• Cleveland GOLF,
• Yamaha,
• Wilson,
• Nike Golf and so on and so forth.

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