Full prospectus analysis of the Butterfield FB Berhad (BFIELD, 0470) IPO, a formulator and blender of coffee and tea extract powders based in Bukit Minyak, Penang. IPO price RM0.48 (PE 12.63 times, P/B 1.92 times), market capitalisation RM384 million, ACE Market listing on 15 September 2026. Applications close 2 September 2026. FYE2026 revenue of RM272.13 million at a 40.6% CAGR, a virtually debt-free balance sheet, and the lowest customer concentration of the three September IPOs. Shariah-compliant.