MM Computer Systems Bhd’s (MMCS) IPO has been heavily oversubscribed by 42.12 times, reflecting robust investor appetite ahead of its ACE Market debut on Bursa Malaysia Securities on June 11, 2026.
The Malaysian public portion drew strong interest, with MMCS receiving 15,363 applications for 1.22 billion shares, far exceeding the 28.35 million shares made available under the public tranche.
Demand was strong across both segments, with the Bumiputera portion oversubscribed 24.81 times and the non-Bumiputera portion surging 59.44 times, underscoring broad-based retail participation.
MMCS’ IPO exercise comprises 119 million new shares and an offer for sale of 47.34 million existing shares at an issue price of 22 sen per share, targeting gross proceeds of about RM26.18 million.
Proceeds will be used mainly to strengthen operations, including RM16.93 million for IT hardware and software procurement, RM3.1 million for workforce expansion, RM1.5 million for debt repayment and RM4.65 million for listing expenses.
Upon listing, MMCS will have an enlarged share capital of 567 million shares and a market capitalisation of approximately RM124.74 million.
Managing Director and CEO Young Yoong Chang said the strong response reflects investor confidence in the group’s track record in enterprise IT solutions, particularly in infrastructure, networking and cybersecurity services.
He added that IPO proceeds will enhance execution capability and support expansion of its technical workforce as demand grows for complex IT and cybersecurity solutions among corporates and GLCs.
Malacca Securities Sdn Bhd is acting as the group’s principal advisor, sponsor, underwriter and placement agent for the IPO exercise.
