KUALA LUMPUR: Interior fit-out firm Inspace Creation Bhd aims to raise RM17.13 million from its initial public offering (IPO) in conjunction with its listing on Bursa Malaysia Securities Bhd’s ACE Market on May 8, 2026.
The IPO involves the issuance of 68.5 million new shares at an issue price of 25 sen per share.
Of the total proceeds expected to be raised, the company said RM6 million will be allocated for the setting up of a new storage and mock-up facility, RM4.39 million for working capital, RM2.74 million for repayment of bank borrowings, and RM4.0 million for listing expenses.
Executive director Wong Chong Siong said the company’s immediate priority after listing is to strengthen its core corporate segment while pursuing larger-scale projects.
"At the same time, we are diversifying into other commercial spaces by working with developers on their show units, sales galleries and ongoing projects while also tendering for commercial and hospitality projects,” he said at a press conference held in conjunction with the prospectus launch here today.
Wong added that the company is also looking to expand its project portfolio over the next one to two years by venturing into government-related projects.
On the impact of global geopolitical tensions, he said the company has not experienced significant disruption to its operations.
"We do not really feel the impact of the tensions because we are focused on commercial office spaces. In any economic cycle, there will definitely be some impact, but companies that are doing well will continue to operate.
"For example, Inspace Creation went through the COVID-19 pandemic, but we were able to secure projects during that period as some offices were restructuring and still required interior design and contracting services,” he said, adding that as long as commercial activities continue, whether from multinational corporations or local companies, there will still be demand.
Wong explained that the company is not directly involved in construction and that its materials are diversified, reducing heavy dependence on any single material cost.
"In interior fit-out, each trade forms a small portion of the overall project. If material costs increase significantly, we are able to value-engineer and adjust materials for our clients,” he said.
Meanwhile, on challenges, executive director Edward Cheong Han Bin said the company faces difficulties in balancing client expectations with tight timelines and budget constraints.
"Most of our projects have a contract duration of about eight to 12 weeks on site, so we need to deliver on time. At the same time, we have to meet clients’ budgets, which are often tight, while also fulfilling their design requirements,” he said.
Applications for the IPO open today and close at 5 pm on April 22, 2026.
TA Securities Holdings Bhd is the principal adviser, sponsor, sole placement agent, and sole underwriter for the IPO. - Bernama
