Impact Capital IPO at 22 sen; new Klang Valley, JB offices
- Kuching IT firm Impact Capital lists on the ACE Market on 24 November after an IPO at 22 sen a share.
- The IPO raises RM27.6m: RM21.27m for the company and RM6.30m for the two co-founders selling shares.
- RM4.67m goes to four new rented offices, the largest about 7,700 sq ft in the Klang Valley at an assumed RM8.50 psf.
- It plans its first Johor office, about 1,870 sq ft in Johor Bahru, at an assumed RM4.00 psf, opening in mid-2028.
When does Impact Capital list on Bursa Malaysia?
On the ACE Market on 24 November 2026, after an IPO at 22 sen a share.
How much is Impact Capital raising from its IPO?
RM27.6 million in all: RM21.27 million for the company from new shares and RM6.30 million for its selling shareholders.
What will Impact Capital spend its IPO money on?
RM4.67 million on new rented offices, RM4.53 million on staff and business development, RM2.10 million on technology, RM5.17 million on working capital and RM4.80 million on listing costs.
How big is Impact Capital's new Klang Valley office?
About 7,700 sq ft, rented at an assumed RM8.50 psf a month and due to open in the third quarter of 2027.
Impact Capital Holdings Bhd, a Kuching company that installs and integrates IT systems for infrastructure, lists on Bursa Malaysia's ACE Market on 24 November 2026 after an IPO at 22 sen a share. The offer raises RM27.6 million in all: RM21.27 million for the company from 96.69 million new shares, and RM6.30 million for co-founders Winston Chai Fung Chun and Kok Teck Kuan from 28.62 million existing shares. At 22 sen its 480 million shares are worth RM105.6 million. Applications closed on 6 November.
The business
- What it does: integrates equipment and systems for telecommunications networks, enterprise networks, data centres and security systems, and supplies hardware, software and IT services
- Customers: mainly local and state government bodies, utilities, internet technology companies and financial and merchant services firms
- Results: revenue RM154.7 million and profit after tax RM9.36 million in the year to 30 June 2026, up from RM145.4 million and RM7.02 million a year earlier
- Work in hand: RM169.9 million at the end of September, to be billed up to June 2030, The Edge reported
- Where: Peninsular Malaysia gave 23.5% of revenue in the latest year; the company wants more of its work there
Where the money goes
| Purpose | RM million | Within |
|---|---|---|
| New and larger offices | 4.67 | 36 months |
| More staff and business development | 4.53 | 36 months |
| Technology, including a demo centre | 2.10 | 12 months |
| Working capital | 5.17 | 12 months |
| Listing costs | 4.80 | 1 month |
The offices
All four new offices will be rented, with three years' rent paid from the IPO. The rents are management's estimates of market rents in the places it prefers.
- Klang Valley: about 7,700 sq ft at RM8.50 psf a month, RM2.36 million of rent over 36 months plus RM0.77 million of fit-out. It will also hold a Digital Innovation and Solutions Centre for demonstrations and testing. Tenancy in the first quarter of 2027, open in the third
- Kota Kinabalu: about 1,850 sq ft, RM0.37 million of rent over three years, about RM5.50 psf a month (our calculation), open in the third quarter of 2027
- Johor Bahru: about 1,870 sq ft at RM4.00 psf, its first office in Johor, for six staff, open in the second quarter of 2028
- Bintulu: about 1,350 sq ft at RM1.50 psf, moving out of a co-working space, open in the fourth quarter of 2027
Today it rents five office units in ICOM Square, Jalan Pending, Kuching, of 992 to 2,554 sq ft for RM1,300 to RM3,800 a month, about RM1.31 to RM1.64 psf (our calculation), two of them now empty pending renovation. It also rents two small units and owns a 1,324 sq ft office in Metropolitan Square, Bandar Damansara Perdana, Petaling Jaya.
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