Malaysia’s Halal poultry producer Farmiera made its debut on Bursa Malaysia’s ACE Market with a soft opening at its initial public offering (IPO) price of USD 0.0605 before easing in early trading.
On November 12, the stock slipped to USD 0.0557, down 8%, with over 31.9 million shares traded. It ranked among the morning’s most active counters.
Market sentiment strengthened later in the day, lifting Farmiera to a closing price of USD 0.0619, up 2%, on total volumes exceeding 56 million shares.
Strong demand for new listing
Farmiera is the 48th company to list on Bursa Malaysia this year and the 37th on the ACE Market.
Its IPO drew strong demand, achieving an oversubscription rate of 16.69 times. This reflects confidence in Malaysia’s growing poultry and food production sector.
Founded in 2013, Farmiera specializes in broiler production and raw poultry processing. It supplies distributors, traders, grocery chains, hypermarkets, supermarkets, and food-service operators nationwide.
The company operates 15 broiler farms and works with 44 contract farms across several states, supported by two Halal-certified processing plants in Ipoh and Lukut.
Upstream integration plans
Farmiera raised approximately USD 7.08 million from its IPO. The funds will support the company’s upstream integration strategy to reduce reliance on external suppliers and strengthen control over its production chain.
About USD 5.36 million, or 76% of proceeds, will fund two parent-stock farms and a hatchery. These will eventually supply up to 40% of Farmiera’s internal needs.
The parent-stock farm is scheduled for completion in Q2 2026, while the hatchery is targeted to begin operations in H1 2027.
Supporting long-term growth
Currently, Farmiera sources its day-old chicks from third-party suppliers. The new facilities aim to stabilize supply, improve cost efficiency, and support long-term production expansion.
Approximately USD 0.68 million, or 10% of proceeds, has been allocated for working capital, with the remainder covering listing-related expenses.
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