PETALING JAYA: OGX Group Bhd, an information technology (IT) infrastructure solutions specialist operating under a brand-centric model, has launched its prospectus in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia, scheduled on March 12, 2026.
Upon its listing, OGX’s enlarged share capital will comprise 750 million shares with a market capitalisation of RM263mil based on the IPO price of 35 sen per share.
OGX managing director Tan Suan Loong said at the prospectus launch yesterday: “Through this IPO, OGX aims to raise gross proceeds of RM52.5mil from the public issue of 150 million new ordinary shares.
“These funds will play an important role in supporting our next phase of growth,” he said.
Of the proceeds, Tan highlighted that RM30mil will be used to acquire a new facility as OGX’s future headquarters.
“This new facility will also house our IT infrastructure solutions experience centre as well as our warehouse, giving us the space, capacity and capability to grow,” he explained.
Further in line with its expansion plans, OGX has earmarked RM2.5mil to broaden their IT infrastructure brands and product portfolio. Tan added RM2mil will be earmarked towards strengthening OGX’s market presence in Sabah and Sarawak.
The remaining RM18mil will be allocated for the repayment of bank borrowings, working capital requirements and listing expenses.
Based in Shah Alam, Selangor, OGX provides multi-brand products and services with a focus on networking, cybersecurity and enterprise data centre solutions.
The company said its growth and progress reflect its management strength, a resilient business model, and the trust of long-standing customers and technology partners.
Of the 150 million new shares, 37.5 million shares will be made available to the Malaysian public via balloting, and 18.75 million shares will be made available for eligible directors, employees and individuals who have contributed to the group’s success through the pink form allocation.
The remaining 18.75 million shares will be placed out to identified bumiputra investors approved by the Investment, Trade and Industry Ministry, while 75 million shares will be privately placed with selected investors.
“As we move forward, we will continue to work closely with our 18 esteemed brand partners and embrace the opportunities arising from Malaysia’s rapidly evolving technology landscape.
“With digital transformation accelerating across various sectors, we are ready for the new phase of our journey and seize opportunities to drive growth and innovation in the market,” Tan said.
