ARB IOT GROUP LIMITED
General Information | |
Business: | We are a provider of complete solutions to our clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment. (Incorporated in the Cayman Islands) Our mission is to become a leading player in the IoT landscape in the ASEAN region. We offer a wide range of IoT systems as well as provide customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. Recent new technology trends such as artificial intelligence (AI), cloud computing, 5G, robotic process automation (RPA), IoT and hyper-connectivity continue to transform businesses and drive companies to seek digital changes to meet evolving demands of customers. We have built up an IoT development ecosystem to help our customers address the challenges and opportunities brought by new digital technologies, offering an array of design and development system software, application software and other software in providing digital solutions for various processes, sub-processes, transactions and activities. Currently, we have organized our operations into four business lines: 1. IoT Smart Home & Building; 2. IoT Smart Agriculture; 3. IoT System Development and 4. IoT Gadget Distribution. We have benefited from ARB Berhad’s experience, reputation and network in Malaysian information technology (“IT”) industry. As an operating segment of a seasoned Malaysian public company, we have gained from established business processes and a veteran leadership team, allowing us to focus our attention on growing and developing our IoT business. While our history with ARB Berhad has provided us with certain competitive advantages, we believe that the separation and this offering will promote clearer segregation of business responsibilities and operations for the IoT segment, thereby enabling efficient allocation of resources to accelerate the growth of our IoT business, and allow us to have direct access to a globally recognized stock exchange, which would increase our financial flexibility to explore expansion and growth prospects and enhance our corporate reputation and recognition. See “Corporate History and Structure” and “Related Party Transactions—Historical Relationship with ARB Berhad.” Our business has grown rapidly as demonstrated by the increase in revenue from approximately RM50.3 million ($11.4 million) for the fiscal year ended June 30, 2021 to approximately RM443.0 million ($100.6 million) for the fiscal year ended June 30, 2022, an increase of RM392.7 million ($89.1 million), or 780.7%, and in profit from approximately RM18.9 million ($4.3 million) for the fiscal year ended June 30, 2021 to approximately RM73.4 million ($16.7 million) for the fiscal year ended June 30, 2022, an increase of 289.0%. For additional information regarding our financial performance, see “Summary Consolidated Financial Information” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” **Note: Revenue and net income are in U.S. dollars for the 12 months that ended June 30, 2022. (Note: ARB IOT Group Limited priced its slightly downsized IPO on April 4, 2023, at $4.00 – the low end of its $4.00-to-$6.00 range – on 1.25 million shares – down from 1.3 million shares in the prospectus – to raise $5.0 million. ARB IOT Group Limited increased the size of its IPO to 1.3 million shares, up from 1.2 million shares, and kept the price range at $4.00 to $6.00 – to raise $6.5 million – in an F-1/A filing dated Dec. 5, 2022. ARB IOT Group Limited filed its F-1 on Sept. 30, 2022, following submission of confidential IPO documents on June 24, 2022.) |
Industry: | SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN |
Employees: | 41 |
Founded: | 1997 |
Contact Information | |
Address | No. 17-03, Q Sentral, 2A, Jalan Stesen Sentral 2 Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia |
Phone Number | +603-2276 1143 |
Web Address | http://www.arbiotgroup.com/ |
View Prospectus: | ARB IOT GROUP LIMITED |
Financial Information | |
Market Cap | $131.5mil |
Revenues | $100.6 mil (last 12 months) |
Net Income | $16.7 mil (last 12 months) |
IPO Profile | |
Symbol | ARBB |
Exchange | NASDAQ |
Shares (millions): | 1.3 |
Price range | $4.00 - $4.00 |
Est. $ Volume | $5.0 mil |
Manager / Joint Managers | Maxim Group LLC |
CO-Managers | |
Expected To Trade: | 4/5/2023 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |