PETALING JAYA: Impact Capital Holdings Bhd has launched its prospectus in conjunction with its proposed listing on the ACE Market of Bursa Malaysia.
The company is principally involved in the integration of information and communications technology (ICT) equipment and systems for critical infrastructure, supply of ICT hardware and software, and provision of ICT and other services.
In a statement, the company said that its initial public offering (IPO) comprises a public issue of 96.69 million new ordinary shares and an offer for sale of 28.62 million existing shares. The group is expected to raise RM21.27mil through the public issue at an IPO price of RM0.22 per share.
In terms of the IPO proceeds, Impact Capital said RM4.67mil will be utilised for the expansion of offices.
This includes a new Klang Valley office which will house the group’s Digital Innovation and Solutions Centre.
The funds will also cover relocation into larger offices in Bintulu and Kota Kinabalu, and the establishment of a new office in Johor Baru.
Additionally, RM4.53mil will be allocated for expansion of workforce and business development initiatives, RM2.1mil will be for enhancement of technology capabilities, RM5.17mil will be for working capital requirements, and RM4.80mil will be for estimated listing expenses.
Upon listing, the group is expected to have a market capitalisation of RM105.6mil, based on the IPO price of RM0.22 per share and an enlarged issued share capital of 480 million shares.
Public Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent for this IPO.
