KUALA LUMPUR: Inspace Creation Bhd has registered its prospectus with Bursa Malaysia Securities Bhd in conjunction with its proposed listing on the ACE Market.
In a statement, the interior fitting-out services provider said the IPO will comprise a public issue of 68.5 million new shares and an offer for sale of 29.3 million existing shares, resulting in an enlarged issued share capital of 369.3 million shares upon listing.
The company is expected to open its initial public offering (IPO) for application on April 13, 2026. Listing is targeted for May 8, 2026.
TA Securities Holdings Bhd has been appointed as the principal adviser, sponsor, underwriter and placement agent for the exercise.
Through its subsidiaries, Inspace Creation provides end-to-end interior fitting-out services, including project planning and management, design and build, as well as servicing and maintenance.
For the financial year ended Nov 30, 2024, the group posted net profit of RM7.05mil on revenue of RM57.75mil, compared with RM2.48mil and RM31.2mil, respectively, a year earlier.
As at July 28, 2025, its order book stood at RM21.22 mil.
Executive director Wong Chong Siong said the prospectus registration marks the group’s progress in building its position in the industry and sets the stage for its next phase of growth.
“Over the years, we have steadily grown our capabilities across project planning, design conceptualisation and build, execution, and maintenance, allowing us to deliver integrated solutions that meet our clients’ functional, aesthetic and operational requirements.
“As we move closer to our listing, we look forward to strengthening our market presence, enhancing our operational capabilities and positioning the Company for its next phase of growth.”
Proceeds from the IPO will be used for capital expenditure, working capital, repayment of bank borrowings and listing expenses.
Post-listing, the group plans to establish a storage and mock-up facility in the Klang Valley to enhance procurement efficiency and showcase design options to clients, while also investing in technology to strengthen its project management and design capabilities.
