KUALA LUMPUR: Inspace Creation Bhd's public portion of shares for its initial public offering (IPO) has been oversubscribed by 70.3 times ahead of its ACE Market listing on May 8, 2026.
In a Bursa Malaysia filing, the interior fit-out firm said it received a total of 10,411 applications for 1.32 billion public issue shares from the Malaysian public.
"Specifically, a total of 6,189 applications for 633.07 million public issue shares were received for the Bumiputera portion, representing an oversubscription rate of 67.57 times.
"Meanwhile, a total of 4,222 applications for 683.59 million public issue shares were received for the other Malaysian public portion, representing an oversubscription rate of 73.04 times," it said.
Additionally, 8.5 million public issue shares for eligible directors, employees and other persons who have contributed to the success of the group have been fully subscribed, while the 41.53 million public issue shares and 29.30 million offer shares by way of private placement to selected investors have been fully placed.
In a separate statement, Inspace Creation's executive director, Wong Chong Siong, said the strong investor interest underscores the company's capability to deliver high-quality, end-to-end interior solutions for a diverse corporate clientele.
"This successful balloting process provides a solid foundation for our next chapter as a public-listed entity, where we will focus on enhancing our operational efficiency through the establishment of a storage and mock-up space, and expanding our geographical footprint beyond the Klang Valley and into other commercial segments,” he said.
TA Securities Holdings Bhd is the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO exercise. - Bernama
