Eco-Shop Plans RM419 Million IPO, Aiming for Largest Debut in Eight Months

Malaysian discount retail chain Eco-Shop Marketing is launching the country's largest IPO in eight months, aiming to raise up to RM1.04 billion through a combination of public and institutional offerings that value the company at RM7 billion. The IPO features 862.15 million shares, with most allocated to institutional investors, and trading is expected to begin on May 23. Eco-Shop, which holds a dominant 68% market share and operates over 350 stores nationwide, plans to use proceeds to double its store count by adding 70 outlets annually over five years, focusing on expansion in suburban and rural areas and improving logistics infrastructure. With most products priced affordably around RM2.40–RM2.60, the company says its business model is especially relevant amid ongoing cost-of-living pressures. The IPO underscores the strength and resilience of Malaysia’s consumer sector, with consumer and household spending projected to grow robustly in the coming year. The listing follows last year's record-breaking IPO by mini-mart chain 99 Speed Mart Retail Holdings.