KUALA LUMPUR: Liftech Group Bhd has inked an underwriting agreement with M&A Securities Sdn Bhd ahead of its listing on the ACE Market of Bursa Malaysia.
Liftech, which tentatively scheduled to list in June 2026, is an established industrial lifting and handling equipment specialist providing customised engineering solutions.
In a statement, the company said the initial public offering (IPO) comprises a public issue of 79.2 million new shares and an offer for sale of 15.8 million existing shares, representing 25.2% and 5% respectively of the group’s enlarged share capital of 314.9 million shares upon listing.
Of the 79.2 million new shares, 15.8 million new shares will be made available to the Malaysian public via balloting; 7.2 million new shares for its eligible directors and employees of Liftech Group under the pink form allocations while 39.4 million new shares are reserved for private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
The remaining 16.8 million new shares will be placed to selected investors via private placement.
For the offer for sale, all 15.8 million shares are reserved for private placement to selected investors.
Pursuant to the Underwriting Agreement, M&A Securities will underwrite a total of 23.0 million new shares made available for application by the Malaysian public and eligible Directors and employees of Liftech Group under the Pink Form Allocations.
Bernard Ng, managing director of Liftech, said the IPO exercise will enable the company to tap the equity capital market to raise funds for business expansion, acquisition of machinery and equipment to enhance overall production capacity, and to strengthen working capital in line with the group’s anticipated business growth.
“With our in-house end-to-end engineering capabilities, nationwide operational presence, and diversified customer base across multiple industries, we are well-positioned to scale further while maintaining resilience. The IPO will strengthen our capacity to expand operations, enhance service delivery, and capture new market opportunities” he added.
As of to-date, the Group has also expanded its product offerings to include mechanical and automated car park systems to complement their range of industrial lifting and handling equipment offered.
For the financial year ended 31 December 2024 (FY24), Liftech reported RM6.6mil net profit on the back of RM57.7 million revenue, with a gross profit margin of 40.3% and a net profit margin of 11.4%.
M&A Securities is the Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
