Impact Capital Holdings Bhd has launched its prospectus for a proposed listing on the ACE Market of Bursa Malaysia. The information and communications technology (ICT) solutions provider says the IPO will fund office expansion, workforce growth, technology upgrades and working capital. This guide covers the key details, the timeline, the use of proceeds and the points retail investors may want to check before deciding.
What Are the Key Details of the Impact Capital IPO?
| Item | Detail |
|---|---|
| Company name | Impact Capital Holdings Berhad |
| Stock name and code | IMPACT (0483) |
| Listing market | ACE Market, Bursa Malaysia |
| IPO price | RM0.22 (22 sen) per share |
| Public issue | 96.69 million new ordinary shares |
| Offer for sale | 28.62 million existing shares |
| Amount to be raised (public issue) | RM21.27 million |
| Enlarged issued share capital | 480 million shares |
| Expected market capitalisation on listing | RM105.6 million |
| Principal adviser, sponsor, sole underwriter and sole placement agent | Public Investment Bank Bhd |
When Can You Apply for the Impact Capital IPO?
The public issue opened on 27 October 2026. The key dates in the IPO calendar are set out below. The listing date is tentative.
| Event | Date |
|---|---|
| Open | 27 October 2026 |
| Close | 6 November 2026 |
| Ballot | 12 November 2026 |
| Allotment | 19 November 2026 |
| Tentative listing | 24 November 2026 |
What Does Impact Capital Do?
Impact Capital is principally involved in the integration of ICT equipment and systems for critical infrastructure. It also supplies ICT hardware and software and provides ICT and other services. According to the prospectus coverage, the group has about 21 years of operations, and its solutions support the requirements of critical infrastructure and enterprise customers.
The group is also expanding into digital twin solutions. These create virtual representations of physical assets and infrastructure to support real-time monitoring, simulation and operational optimisation. Impact Capital intends to add artificial intelligence and data-driven capabilities to support predictive analytics, asset management and decision-making. Target applications include smart cities, utilities, telecommunications and other critical infrastructure sectors.
The company plans to set up a new Klang Valley office to house its Digital Innovation and Solutions Centre (DISC). The DISC is intended to serve as a platform for solution demonstrations, customer engagement and in-house technical validation.
How Will Impact Capital Use the Money Raised?
Of the RM21.27 million to be raised through the public issue, the company has set out the following allocation:
| Purpose | Amount |
|---|---|
| Office expansion (including the new Klang Valley DISC office, relocation to larger offices in Bintulu and Kota Kinabalu, and a new office in Johor Bahru) | RM4.67 million |
| Expansion of workforce and business development initiatives | RM4.53 million |
| Enhancement of technology capabilities | RM2.10 million |
| Working capital requirements | RM5.17 million |
| Estimated listing expenses | RM4.80 million |
| Total | RM21.27 million |
What Should You Check Before Applying?
- Valuation: The expected market capitalisation is RM105.6 million at the IPO price. Compare this with the company’s earnings and financial position in the prospectus before forming a view.
- Use of proceeds: RM4.80 million is earmarked for listing expenses, and RM5.17 million for working capital. Check how the remaining funds will be deployed against the stated plans.
- Offer for sale: The IPO includes 28.62 million existing shares alongside the 96.69 million new shares. The RM21.27 million figure relates to the public issue.
- Concentration: Review the customer base, project exposure and dependence on key contracts described in the prospectus.
- Adviser role: Public Investment Bank Bhd acts as principal adviser, sponsor, sole underwriter and sole placement agent.
- ACE Market risk: ACE Market companies can carry different risk profiles from main-board listings. Shares can trade below the offer price after listing.
- Digital twin execution: The expansion into digital twin and AI-based solutions depends on the company delivering on its technology plans.
How Do You Apply for the Impact Capital IPO?
To apply, you need a Central Depository System (CDS) account. Applications must be made by the closing date of 6 November 2026. Many investors apply through internet banking, ATMs or a broker app such as M+ Global. For a step-by-step walkthrough, read our guide on how to apply for an IPO in Malaysia. For information on financing options, see M+ Global IPO financing.
Where the retail portion of an IPO is oversubscribed, shares are allocated by ballot. Applying early does not improve your chances of allotment, so it is wise to review the prospectus and apply by the closing date instead.
Frequently Asked Questions
What is the IPO price of Impact Capital shares?
The IPO price is RM0.22, or 22 sen, per share.
Which market will Impact Capital list on?
Impact Capital is listing on the ACE Market of Bursa Malaysia under the stock name IMPACT and stock code 0483.
When is the Impact Capital IPO expected to list?
The tentative listing date is 24 November 2026, following the close on 6 November, the ballot on 12 November and allotment on 19 November.
Does a successful application guarantee gains after listing?
No. IPO shares can list below their offer price. Review the prospectus carefully before applying.
Follow every upcoming listing on our Malaysia IPO 2026 calendar.
Want help applying for the Impact Capital IPO through M+ Global? Open an M+ Global account with invitation code UBZQ or WhatsApp Dexter.
Sources: Impact Capital aims to raise RM21.27mil from IPO ahead of ACE Market listing, The Star, 27 Oct 2026; Impact Capital Holdings launches IPO prospectus, The Star, 27 Oct 2026; Impact Capital launches IPO prospectus, prepares to enter next phase of growth, The Sun, 27 Oct 2026.
This article is for information only and is not a recommendation to subscribe to the Impact Capital IPO. IPO shares can list below their offer price. Please read the prospectus before applying.
