SRKK AI Bhd has seen strong investor demand for its initial public offering (IPO), with the retail tranche oversubscribed 312.3 times ahead of its ACE Market listing on July 9, 2026.

The company said it received 29,428 applications worth RM1.4 billion for the 14.2 million shares made available to the Malaysian public, making it one of the most heavily oversubscribed IPOs in Bursa Malaysia this year.

The 312.3 times oversubscription rate is the highest recorded for IPOs on Bursa Malaysia in 2026 to date.

SRKK AI ED and CEO Yew Lip Sin said the strong response reflects investor confidence in the group’s growth prospects and its AI-driven business model.

He said the listing would support the company’s expansion in artificial intelligence solutions across Southeast Asia, as well as deepen its services for its existing client base of more than 1,600 customers.

SRKK AI said it plans to raise RM20.48 million from the IPO, with proceeds allocated mainly to AI development initiatives, including the establishment of AI labs and an AI academy, as well as product development in analytics and business intelligence.

Other allocations include RM1.84 million for expansion into Indonesia, RM3.70 million for an in-house security operations centre, RM1.80 million for branding and marketing, RM4.64 million for working capital, and RM4.50 million for listing expenses.

The group said AI-related solutions accounted for about 11% of revenue, or RM11.8 million, in FY2025.

SRKK AI is a Microsoft Managed Partner and the first Malaysian firm to obtain all six Microsoft Solution Partner designations under the Microsoft AI Cloud Partner Program.