Liftech Group Bhd’s IPO has drawn robust investor interest, with its public portion oversubscribed by 18.92 times, underscoring strong demand ahead of its ACE Market debut on Bursa Malaysia.
The industrial lifting and handling equipment specialist received 5,636 applications for a total of 314.79 million shares, significantly exceeding the 15.8 million shares allocated to the Malaysian public tranche.
The Bumiputera public portion recorded higher demand with an oversubscription rate of 19.45 times, while the non-Bumiputera portion was oversubscribed by 18.40 times, reflecting broad-based participation across retail investors.
All other allocations were also fully taken up, including the 7.24 million shares reserved for eligible individuals under the pink form exercise, as well as the 72 million shares placed out to Ministry of Investment Trade and Industry-approved Bumiputera investors and selected institutional participants.
Liftech Managing Director Bernard Ng said the strong subscription reflects confidence in the group’s expansion strategy, adding that the IPO proceeds of RM23 million will support capacity expansion, improved project execution and the group’s push into larger-scale industrial and infrastructure opportunities.
Under the listing exercise, Liftech is issuing 79.23 million new shares at 29 sen each, alongside an offer for sale of 15.8 million existing shares, giving the group a market capitalisation of RM91.33 million upon listing.
The company is scheduled to list on the ACE Market of Bursa Malaysia on June 30, 2026, with M&A Securities Sdn Bhd acting as advisor, sponsor, underwriter and placement agent.
