Impact Capital IPO Oversubscribed 139.69 Times on ACE

Quick Answer: Impact Capital Holdings Bhd’s IPO public tranche was oversubscribed 139.69 times ahead of its planned ACE Market listing on Nov 24. The company expects to raise RM21.27 million at 22 sen per share, giving it an estimated market capitalisation of RM105.6 million on listing. For shareholders, the 96.69 million new shares are the key figure, because that is the only part of the offer that puts cash into the company.

Impact Capital IPO demand was extreme. The public tranche drew 15,203 applications for 3.38 billion shares worth RM742.84 million, against just 24 million shares set aside for Malaysians. The listing is planned for the ACE Market of Bursa Malaysia on Nov 24.

Why Did the Impact Capital IPO Attract 139.69 Times Demand?

Stock market trading screen for Impact Capital IPO oversubscription — Demand for the Impact Capital IPO far exceeded the shares on offer.

Every public segment was heavily oversubscribed. The Bumiputera public portion was 135.15 times subscribed, from 8,020 applications for 1.63 billion shares.

The remaining public portion recorded 144.23 times from 7,183 applications for 1.74 billion shares. All 16 million shares reserved for eligible persons were fully subscribed.

What Are the Impact Capital IPO Details?

Market: ACE Market, Bursa Malaysia
Offer price: 22 sen per share
Shares offered: 96.69 million new shares and 28.62 million existing shares (offer for sale)
Expected proceeds: RM21.27 million
Market capitalisation: RM105.6 million on an enlarged 480 million shares
Tentative listing date: Nov 24
Principal adviser, sponsor, sole underwriter and sole placement agent: Public Investment Bank Bhd

The RM21.27 million matches the 96.69 million new shares multiplied by 22 sen. The 28.62 million offer-for-sale shares therefore go to existing shareholders, not the company.

Where Will the Impact Capital IPO Proceeds Go?

RM4.67 million for office expansion, including a new Klang Valley office housing its Digital Innovation and Solutions Centre (DISC), relocations to larger offices in Bintulu and Kota Kinabalu, and a new office in Johor Bahru
RM4.53 million for workforce expansion and business development
RM2.1 million to enhance technology capabilities
RM5.17 million for working capital
RM4.8 million for listing expenses

The five allocations add up to RM21.27 million. About 23% of the total goes to listing expenses, which is cash that will not fund growth.

What Does Impact Capital Do Behind the IPO?

Impact Capital has about 21 years of operating experience through its subsidiaries. They provide ICT equipment and systems integration for telecommunications infrastructure, enterprise networks, data centres and security systems.

The group is expanding into digital twin solutions, which create virtual representations of physical assets for real-time monitoring, simulation and operational optimisation. It also plans to add artificial intelligence and data-driven capabilities for predictive analytics, asset management and decision-making. The DISC office and the RM2.1 million technology allocation are the clearest link between the proceeds and this push.

How Concentrated Is the Impact Capital IPO Placement?

The 85.31 million placement shares were fully placed to 19 investors. The two largest each received 11 million shares.

The top five investors were allocated 50.3 million shares. That equals 58.96% of the placement tranche and 10.48% of the enlarged share capital, so a small group will hold a meaningful stake after listing.

What Valuation Does the Impact Capital IPO Imply?

At 22 sen, the RM105.6 million market capitalisation is based on 480 million shares. The article does not disclose Impact Capital’s revenue, profit or EPS, so a price-to-earnings ratio cannot be calculated from it.

Peer valuation is also not possible from the source. Investors may want to check the prospectus for the financial track record before comparing Impact Capital with other ACE Market ICT names.

How Can Retail Investors Apply for the Impact Capital IPO?

Apply through the M+ Global app using Invitation Code UBZQ
Online IPO applications need a direct CDS account in your own name
Submit only one application per IPO, as multiple applications are an offence under the Capital Markets and Services Act 2007

When an IPO is oversubscribed, retail portions are balloted, so most applicants will receive far less than they applied for. The article does not state the subscription period, so confirm the exact dates in the prospectus. For help, WhatsApp +60169059789. You can also read the Switch to M+ Global guide.

What Risks Should Impact Capital IPO Applicants Check?

Balloting: 24 million retail shares against 3.38 billion applied for
Placement concentration: the top five placees hold 10.48% of enlarged share capital
Listing costs: RM4.8 million of the RM21.27 million raised goes to listing expenses
Missing financials: revenue, profit and EPS are not in the source article

This article is for information only and is not investment advice. Always do your own research before applying for any IPO.

Key Takeaways

Impact Capital’s IPO public tranche was oversubscribed 139.69 times ahead of its ACE Market listing on Nov 24.
The offer price is 22 sen per share, targeting RM21.27 million in proceeds from 96.69 million new shares.
RM4.67 million goes to office expansion, including a Klang Valley DISC office, and RM2.1 million to technology.
The top five placees received 10.48% of enlarged share capital, so ownership is concentrated.
The article does not include financial track record data, so the valuation cannot be compared with peers yet.

Frequently Asked Questions

What is the Impact Capital IPO offer price?

The Impact Capital IPO offer price is 22 sen per share. The company expects to raise RM21.27 million from the public issue of 96.69 million new shares.

When will Impact Capital list on Bursa Malaysia?

Impact Capital is planned to list on the ACE Market of Bursa Malaysia on Nov 24. The estimated market capitalisation on listing is RM105.6 million.

How much did the Impact Capital IPO get oversubscribed?

The Impact Capital IPO public tranche was oversubscribed 139.69 times. The public received 15,203 applications for 3.38 billion shares against 24 million shares available.

How do I apply for the Impact Capital IPO?

Apply through the M+ Global app using Invitation Code UBZQ. You need a direct CDS account in your own name, and you can only submit one application per IPO.

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