Impact Capital IPO public tranche oversubscribed by 139.69 times
The company expects to raise RM21.3 million from new shares ahead of its planned ACE Market listing on Nov 24.
Impact Capital Holdings Bhd received 15,203 applications seeking more than 3.37 billion shares in its IPO public tranche, the company said. The 24 million shares available to Malaysian public investors were oversubscribed by 139.69 times ahead of its ACE Market debut on Nov 24.
The Kuching-based technology company reported the following breakdown of public applications:
- Bumiputera investors: 8,020 applications seeking 1.63 billion shares, with oversubscription of 135.15 times.
- Other Malaysian investors: 7,183 applications seeking 1.74 billion shares, with oversubscription of 144.23 times.
The company said eligible directors, employees and contributors to its success fully subscribed for their allocation of 16 million new shares. Selected investors also took up the entire private placement of 85.31 million shares, comprising both new and existing stock. Successful applicants will be sent allotment notices by Nov 19.
In total, the offering covers 125.31 million shares: 96.69 million newly issued shares and 28.62 million existing shares for sale. Expected proceeds comprise RM21.3 million for Impact Capital and RM6.3 million for selling shareholders, amounting to RM27.6 million.
Co-founders Winston Chai Fung Chun, the managing director, and Kok Teck Kuan, the executive director, are among those selling part of their holdings.
Impact Capital expects a market capitalisation of RM105.6 million at listing. The IPO valuation represents 11.2 times its net profit of RM9.4 million for the 2026 financial year. Public Investment Bank Bhd serves as principal adviser and sponsor, as well as sole underwriter and sole placement agent.
