Written by The Edge Malaysia
The company said it received 29,428 applications for 4.45 billion shares from the Malaysian public, against 14.2 million shares made available under the retail portion of the offering.
According to SRKK AI, the 312.3-times oversubscription is the highest recorded for a Bursa Malaysia IPO so far this year, while the RM1.4 billion raised from retail subscriptions ranks among the largest for a public retail tranche in 2026.
The IPO, priced at 32 sen per share, will raise RM20.48 million in fresh proceeds for the group. Another RM4.16 million will be raised through an offer for sale of existing shares by more than a dozen shareholders via two private investment vehicles, according to the company’s prospectus.
Chief executive officer Yew Lip Sin said the strong response reflected investors’ confidence in the group’s growth prospects and would support its expansion plans in artificial intelligence (AI).
“We are incredibly heartened by the trust of the investing public, not just in our past accomplishments but also our growth prospects. This is an impetus to accelerate our AI-enabled solutions development as well as expand our scope of services within our current clientele of over 1,600 in the financial year ended Dec 31, 2025,” he said.
Of the RM20.48 million in IPO proceeds, RM4 million has been earmarked for strategic AI initiatives, including establishing AI laboratories and an AI academy, as well as developing AI-enabled data analytics and business intelligence solutions.
Another RM3.7 million will be used to establish an in-house security operations centre, while RM1.84 million has been allocated for expansion into Indonesia. The balance will be used for branding and marketing activities, as well as working capital and listing expenses.
For the financial year ended Dec 31, 2025 (FY2025), AI-enabled solutions contributed RM11.8 million, or approximately 11%, of the group’s revenue.
SRKK AI provides end-to-end digital transformation solutions spanning cybersecurity, cloud services, business workflows, software and analytics, while embedding AI capabilities into enterprise IT systems.
The group is also one of Microsoft’s Managed Partners and the first Malaysian solutions provider to achieve all six Microsoft Solution Partner designations under the Microsoft AI Cloud Partner Program.
The company has adopted a dividend policy of distributing at least 20% of its consolidated profit after tax attributable to shareholders.
TA Securities is the IPO’s principal adviser, sponsor, underwriter and placement agent.
