KUALA LUMPUR: One Gasmaster Holdings Bhd aims to raise RM19.38 million from its initial public offering (IPO) ahead of its ACE Market listing on Jan 27, 2026.
The provider of environmental monitoring, gas detection, gas piping solutions and industrial hygiene solutions said in a statement today that the proceeds from the IPO will enable the group to fund its expansion.
"One Gasmaster has earmarked 19.41 per cent of the proceeds for the group to expand service offerings to include the provision of emission control solutions.
"(Another) 8.66 per cent for the establishment of an additional calibration laboratory at its Damansara office, 25.22 per cent for the setup of new branch offices and calibration laboratories in Johor, Terengganu and Penang,” it said.
One Gasmaster said the remaining proceeds will be utilised for the working capital requirements of the group and to defray listing expenses.
Its managing director, Ivan Tan, said the company's expansion comes at a timely moment, aligned with the global pivot toward decarbonisation compliance, and the growing push from governments to strengthen environmental regulations such as the National Sustainability Reporting Framework.
"Combined with the expansion of our calibration laboratories, these initiatives reinforce our commitment to supporting customers in meeting regulatory requirements, improving operational sustainability, and creating long-term value," he said.
One Gasmaster's IPO entails a total of 77.5 million new ordinary shares at an issue price of 25 sen a share.
According to the statement, based on the enlarged share capital of 310,000,000 shares and the aforesaid IPO price, the market capitalisation of One Gasmaster will be RM77.50 million upon listing.
Application period for One Gasmaster's IPO opens today and closes at 5 pm on Jan 16, 2026.
Malacca Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO. - Bernama
