Agroz Inc, a vertically-integrated operator of indoor vertical farms in Malaysia, filed on Thursday with the SEC to raise up to $10 million in an initial public offering.
The Petaling Jaya, Malaysia-based company plans to raise $10 million by offering 2.5 million shares at $4. At the proposed price, Agroz would command a market value of $95 million.
Agroz is a fully vertically-integrated agricultural technology company focused on designing, building, managing, and operating indoor controlled environment agriculture (CEA) vertical farms.
The company also operates CEA vertical farms in local communities to grow and deliver vegetables directly to consumers and businesses, and to educate the public on how vegetables are grown. Agroz primarily derives revenue from designing and/or constructing indoor CEA vertical farms, operating and managing indoor CEA vertical farms, selling CEA vertical farms, and selling fresh produce.
Agroz was founded in 2020 and booked $5 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol AGRZ. Tiger Brokers is the sole bookrunner on the deal.
Source: www.renaissancecapital.com
For more information: 
Agroz Group
www.agrozgroup.com