RT Pastry Holdings Bhd began trading on the ACE Market of Bursa Malaysia, opening at 17.5 sen, slightly below its initial public offering price of 18 sen per share.
The bakery group’s debut comes after strong investor demand for its listing, with the public portion of its IPO oversubscribed by 59.96 times, underscoring robust interest in the consumer-focused counter.
The IPO involved 91.542 million new shares priced at 18 sen each. According to Malaysian Issuing House Sdn Bhd, the public received 9,170 applications for more than one billion shares, with particularly strong demand from non-Bumiputera investors.
Despite the strong subscription levels, early trading saw the stock ease on opening. RT Pastry changed hands between 17 sen and 18 sen in the first minutes of trade, with about 8.68 million shares changing hands at the open.
The listing marks a key milestone for the bakery chain, which has built its brand across the Klang Valley over more than two decades and is now positioning itself for a broader expansion strategy.
Executive director and chief executive officer Lu Chun-Neng previously said the IPO would support the company’s shift into a vertically integrated food manufacturing business, expanding both its retail network and its OEM and wholesale operations.
The group is also investing in automation and a larger production facility to support scaling, while maintaining its artisanal bakery positioning as it grows beyond its core market.
RT Pastry’s market capitalisation at listing is estimated at RM61.03 million based on the IPO price of 18 sen per share.
Read the exclusive article with RT Pastry’s Executive Director and Chief Executive Officer, Lu Chun-Neng, here:
