Oriental Kopi, a popular F&B chain, is set to make its debut on Bursa’s ACE Market on January 23. With long lines outside its outlets, the company has already established itself as a crowd favourite.
The IPO price has been set at 44 sen per share, with the aim of raising RM183.96 million. The company plans to allocate the proceeds as follows:
- RM75.78 million for working capital
- RM53.68 million for new head office, central kitchen, and warehouse
- RM36.4 million for cafe expansion within Malaysia
Additional funds will be used for marketing activities in foreign countries, expanding its packaged food brands, and covering listing expenses.
Oriental Kopi has reserved 60 million new shares for the public, with 20 million for eligible persons. Additionally, 88.1 million new shares will be offered to select investors and 250 million shares to Bumiputera investors through private placement.
Rapid Growth and Recognition
Founded by Datuk Calvin Chan, Sean Koay Song Leng, and Callie Chan Yen Min, Oriental Kopi has rapidly expanded to 19 cafes across Malaysia and one in Singapore in just four years. Known for its signature egg tarts, coffee, nasi lemak, and polo buns, the brand has gained recognition for its unique offerings.
The company’s net profit more than doubled to RM43.13 million in the financial year ended September 30, 2024, as reported by The Edge. With 13 halal-certified cafes and plans to certify the remaining outlets, Oriental Kopi has solidified its presence in the market.
All packaged food products from Oriental Kopi are halal-certified and are distributed through various channels including supermarkets and ecommerce platforms.
While the company’s founding story remains relatively unknown, Oriental Kopi’s success serves as inspiration for aspiring entrepreneurs looking to make their mark in the F&B industry.
