Market Mover | Metro Healthcare Berhad Rose by 2% on Its IPO Debut

The company was incorporated in Malaysia on 23 June 2010 and currently operates as an investment holding entity. Through their subsidiaries, they are principally an O&G (obstetrics and gynecology) healthcare service provider, specializing in providing fertility and other O&G healthcare services. The Group also offers paediatrics services to complement its O&G healthcare services. As of the latest practical date (LPD), the company operates 16 facilities located in the central, northern, and southern regions along the west coast of Peninsular Malaysia.The primary market in which the company operates is Malaysia, with the majority of its patients being Malaysian, contributing over 90% of the company's revenue. Less than 10% of the group's revenue comes from foreign patients.

The funds raised, totaling RM39.156 million, will be allocated towards several key areas: expansion of existing O&G business, refurbishment and upgrading of the business premises, working capital and listing expenses.