PETALING JAYA: GTA Holdings Bhd has received approval from Bursa Malaysia Securities Bhd for its initial public offering (IPO) and proposed listing on the ACE Market.
The aircraft maintenance, repair, and overhaul (MRO) firm, established in 2010, serves aviation operators, MRO-related customers and defence-linked end markets, and is supported by original equipment manufacturer (OEM)-linked relationships within the Safran group and EPI consortium ecosystems.
The proposed IPO involves a total of 329 million ordinary shares, comprising 205 million new shares and 124 million existing shares, in conjunction with the company’s listing on the ACE Market of Bursa Securities.
Hong Leong Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent.
For the financial year ended Dec 31, 2024, GTA posted revenue of RM236.65mil and profit after tax of RM36.61mil driven by strong sales from its maintenance and aviation equipment segments.
GTA's customer base includes long-standing relationships with aviation and defence-linked customers.
Managing director and chief executive officer of GTA, Datuk Nonee Ashirin Mohd Radzi said the approval marks an important milestone in GTA’s corporate journey, reflecting its progress in building a specialised aviation support business with strong technical capabilities, trusted customer relationships, and a clear growth strategy.
“The proposed IPO will allow us to strengthen our operational capabilities, expand into complementary aviation support segments and enhance our market reach, both in Malaysia and beyond.
“We believe this will place GTA in a stronger position to capture opportunities in the aviation maintenance and support industry while continuing to deliver long-term value to our stakeholders,” she added.
Proceeds raised from the public issue are intended to support several strategic initiatives, including the establishment of a new operating facility, the expansion of helicopter MRO activities in the Middle East, the expansion into the MRO of landing gear, wheels and brakes, working capital requirements, and listing expenses.
