Industrial lifting and handling equipment specialist Liftech Group Bhd is targeting to raise RM23 million through its IPO on the ACE Market of Bursa Malaysia, as it looks to strengthen its financial position and fund operational expansion.
Under the IPO exercise, Liftech will issue 79.2 million new shares and offer 15.8 million existing shares for sale. Of the 79.2 million new shares, 15.8 million shares will be made available to the Malaysian public via balloting; 7.2 million shares to eligible individuals under the pink form allocations; 39.4 million shares to Bumiputera investors approved by the Investment, Trade and Industry Ministry and 16.8 million shares to selected investors via private placement.
All 15.8 million shares under the offer for sale will be placed to selected investors.
According to Managing Director Bernard Ng, the IPO proceeds will be channelled towards debt repayment, capacity expansion and working capital needs, with the listing also set to support the company’s longer-term growth strategy across Malaysia.
“Some RM13.8 million, or 59.8% of the proceeds, will be used to repay bank borrowings incurred for the acquisition of strategic facilities in Bukit Minyak, Penang, and Kota Kinabalu in Sabah. The facilities have expanded Liftech’s footprint in Northern Peninsular Malaysia and East Malaysia, enhancing its ability to serve customers in key growth regions,” Ng shared, while emphasising that the repayment will strengthen the company’s balance sheet and improve financial flexibility post-listing.
“The Bukit Minyak and Kota Kinabalu facilities have strengthened our market presence and enhanced our ability to serve customers across key growth regions. The repayment of these borrowings will improve our financial position and support our long-term expansion plans as a listed company,” he said.
He further revealed that another RM1.7 million (7.5%) will be allocated for the purchase of new machinery and equipment at its Taiping factory to boost automation and production capacity.
“The upgrade is expected to improve manufacturing efficiency and support Liftech’s customisation and fabrication activities.
“A further RM1 million (4.4%) will be used to renovate and upgrade factory and office facilities in Taiping, while RM2 million (8.7%) has been earmarked for working capital, primarily for the purchase of steel materials, components and accessories used in production,” he shared, adding that the remaining RM4.5 million (19.6%) will go towards listing expenses.
Liftech, which specialises in industrial lifting and handling equipment, reported an unbilled order book of RM41.6 million as at May 10, 2026, expected to be recognised over the next six to nine months.
For FY25, the company recorded a net profit of RM6.9 million on revenue of RM57.9 million, with a gross profit margin of 41.2% and net profit margin of 11.9%.
Upon listing, Liftech is expected to achieve a market capitalisation of RM91.3 million with an IPO price of 29 sen per share. Liftech is scheduled to be listed on the ACE Market on June 30, 2026.
M&A Securities Sdn Bhd is the advisor, sponsor, underwriter and placement agent for the IPO, while Wyncorp Advisory Sdn Bhd is the corporate finance advisor.
