Impact Capital sets 22 sen IPO price
KUALA LUMPUR: Impact Capital Holdings Bhd expects to raise RM21.27 million from its initial public offering (IPO) ahead of its planned listing on the ACE Market of Bursa Malaysia on Nov 24.
Impact Capital Holdings Bhd plans to raise RM21.27 million from its IPO ahead of listing on Bursa Malaysia's ACE Market on November 24. The company's ICT systems integrator will issue 96.69 million new shares and sell 28.62 million existing shares at a price of 22 sen per share. Managing Director Winston Chai Fung Chun stated that the IPO will provide financial resources to expand operations, reinforce technical capabilities, and grow the workforce.
The prospectus launch marks a milestone for Impact Capital's journey to public listing and growth. With over 21 years of experience, the company offers ICT equipment, systems integration, hardware, software, and maintenance services for telecommunications, enterprise networks, data centers, security systems, and digital twin solutions.
IPO proceeds will be allocated to office expansion, workforce growth, technology enhancement, and working capital. Impact Capital aims to establish a Digital Innovation and Solutions Centre (DISC) for solution demonstrations, customer engagement, and technical validation. The company plans to incorporate AI and data-driven capabilities into its solutions to enhance value for customers.
Applications for the IPO open today and close on November 6, with a projected market capitalization of RM105.6 million upon listing.
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