PETALING JAYA: Powertechnic Group Bhd
’s public portion of its initial public offering (IPO) was oversubscribed by 46.35 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd on Oct 28, 2025.
In a statement, the specialist in crane and hoist systems, elevated platform systems and elevators said its IPO consists of a public issue of 63 million new shares and an offer for sale of 21 million existing shares, bringing the total to 84 million shares offered under the listing exercise.
Powertechnic said it received 10,392 applications for 738.64 million public issue shares from the Malaysian public, representing an overall oversubscription rate of 46.35 times.
