Megan Holdings Ltd. IPO Priced at $5.00/Share
Ticker: MGN · Form: 6-K · Filed: Sep 29, 2025 · CIK: 1995075
| Field | Detail |
|---|---|
| Company | Megan Holdings Ltd. (MGN) |
| Form Type | 6-K |
| Filed Date | Sep 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $4.00, $5 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: ipo, underwriting-agreement, aquaculture
TL;DR
Megan Holdings Ltd. IPO set for $5/share, raising $6.25M gross.
AI Summary
On September 25, 2025, Megan Holdings Limited entered into an underwriting agreement with D. Boral Capital LLC for a firm commitment initial public offering (IPO). The company plans to sell an aggregate of 1,250,000 ordinary shares at a public offering price of $5.00 per share. The gross proceeds from this offering are expected to be approximately $6,250,000 before deducting underwriting discounts and commissions and other offering expenses.
Why It Matters
This filing indicates Megan Holdings Ltd. is going public, which could provide capital for expansion in the aquaculture sector and increase its visibility in the market.
Risk Assessment
Risk Level: medium — The company is a foreign private issuer undertaking an IPO, which carries inherent risks related to market reception, regulatory compliance, and operational execution in a new public environment.
Key Numbers
- $6.25M — Gross Proceeds (Expected from the IPO of 1,250,000 shares at $5.00 each.)
- 1,250,000 — Shares Offered (Number of ordinary shares to be sold in the IPO.)
- $5.00 — Offering Price (Price per ordinary share in the IPO.)
Key Players & Entities
- Megan Holdings Limited (company) — Registrant
- D. Boral Capital LLC (company) — Sole Lead Underwriter
- September 25, 2025 (date) — Date of Underwriting Agreement
- 1,250,000 (number) — Number of ordinary shares to be sold
- $5.00 (dollar_amount) — Public offering price per share
- $6,250,000 (dollar_amount) — Gross proceeds from the offering
FAQ
What is the primary business of Megan Holdings Limited?
Megan Holdings Limited is principally engaged in the development, construction, and maintenance of aquaculture farms and related works.
Who is the sole lead underwriter for Megan Holdings Limited's IPO?
D. Boral Capital LLC is the sole lead underwriter for the offering.
What is the total number of ordinary shares Megan Holdings Limited plans to sell in its IPO?
The company plans to sell an aggregate of 1,250,000 ordinary shares.
At what price per share is the IPO being offered?
The ordinary shares are being offered at a public offering price of $5.00 per share.
What are the expected gross proceeds from the IPO?
The expected gross proceeds from the offering are approximately $6,250,000, before deducting underwriting discounts and commissions and other expenses.
Filing Stats: 534 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2025-09-29 16:30:01
Key Financial Figures
- $0.0001 — 1,250,000 ordinary shares, par value US$0.0001 per share (the “Ordinary Shares&r
- $4.00 — dquo;), at a public offering price of US$4.00 per Ordinary Share. The Company has gra
- $5 million — eived gross proceeds of approximately US$5 million from the Offering, before deducting und
Filing Documents
- ea0259163-6k_megan.htm (6-K) — 14KB
- ea025916301ex10-1_megan.htm (EX-10.1) — 291KB
- ea025916301ex99-1_megan.htm (EX-99.1) — 11KB
- ea025916301ex99-2_megan.htm (EX-99.2) — 9KB
- 0001213900-25-093114.txt ( ) — 326KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: September 29, 2025 Megan Holdings Limited By: /s/ Hoo Wei Sern Name: Hoo Wei Sern Title: Executive Director, Chairman and Chief Executive Officer (Principal executive officer) 2 EXHIBIT INDEX Exhibit No. Description 10.1 Underwriting agreement dated September 25, 2025 by and between the Company and D. Boral Capital LLC 99.1 Press Release on Pricing of the Company’s Initial Public Offering 99.2 Press Release on Closing of the Company’s Initial Public Offering 3