SRKK Aims to Raise RM 20.48 mil from IPO for Strategic Growth Initiatives in AI

 

SRKK AI Bhd executive director and CEO Yew Lip Sin (fourth from left), executive chairperson Rahima Beevi Mohamed Ibrahim (fifth from left), executive director and COO Yeoh Kai Hearn (third from left), with other board members and TA Securities representatives at the IPO prospectus launch on Thursday.

Written by Bernama News

SRKK AI Bhd is set to raise approximately RM20.48 million from its upcoming Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia, with the funds earmarked to accelerate the company’s growth and expansion plans in Artificial Intelligence (AI). [bernama.com]

The IPO involves the issuance of 64 million new ordinary shares, alongside an offer for sale of 13 million existing shares, priced at 32 sen per share. The IPO application period is scheduled to close on 25 June 2026, with the company’s market debut expected on 9 July 2026.

According to SRKK AI Chief Executive Officer Yew Lip Sin, a total of RM4 million from the proceeds will be dedicated to AI-focused initiatives, including the establishment of AI Labs, the launch of an AI Academy, and the development of AI-powered data analytics and software solutions. [bernama.com]

In addition, the company plans to allocate:

  • RM1.84 million for expansion into the Indonesian market.
  • RM3.70 million to develop an internal Security Operations Centre (SOC).
  • RM1.80 million for branding, marketing, and promotional efforts.
  • RM4.64 million for working capital requirements.
  • RM4.50 million to cover listing-related expenses.

Yew highlighted that the IPO is being launched at a time when businesses are increasingly adopting AI-driven technologies. He also pointed to Malaysia’s growing AI ecosystem, supported by major investments such as Microsoft’s multi-billion-dollar commitment to cloud and AI infrastructure in the country. [bernama.com]

The company reported that AI-enabled solutions contributed approximately RM11.8 million, or 11% of total revenue, for the financial year ended 31 December 2025. SRKK AI has been integrating AI capabilities into client solutions since 2022 and has witnessed a steady increase in market demand for such services over the years. [bernama.com]

This IPO marks another important milestone in SRKK AI’s journey as it seeks to strengthen its position in the AI and digital transformation sector while expanding its regional presence and service offerings.