The primary market is set to remain active in the coming weeks, with three companies preparing to list on Bursa Malaysia as of todat who have completed their prospectus exercise and ready for listing.
The upcoming flotations span a range of industries, including engineering, information technology, industrial services and property development, highlighting the diversity of companies tapping the equity market to fund expansion.
As of to date there are 37 companies listed with ACE Market dominating at 26, main at 5 and LEAP at 6 in comparison for 2025 a total of 60 companies were listed with 11 on the main market, 44 ACE and 5 on LEAP.
Enest Group moves to ACE Market on July 15
Meanwhile, Enest Group Bhd is seeking to transfer its listing from Bursa Malaysia’s LEAP Market to the ACE Market through an IPO priced at 13 sen per share.
The exercise involves:
- a public issue of 116.25 million new shares; and
- an offer for sale of 15.05 million existing shares.
Of the new shares, about 29.06 million are allocated to the Malaysian public, while 72.66 million shares have been earmarked for Bumiputera investors approved by MITI.
M+ Global has assigned ENEST a fair value of RM0.16 per share, representing a 23.1% upside from its IPO price of RM0.13. The valuation is based on a price-to-earnings (PE) multiple of 10 times pegged to FY27 forecast earnings per share of 1.60 sen.
The migration to the ACE Market is expected to broaden the company’s investor base and improve trading liquidity.
SRKK AI rides digitalisation trend- July 9
Technology solutions provider SRKK AI Bhd is also preparing for its ACE Market debut on July 9 with an IPO priced at 32 sen per share.
The exercise consists of:
- 64 million new shares; and
- 13 million existing shares offered via private placement.
Retail investors will have access to 14.2 million shares, while employees and eligible persons have been allocated 17.04 million shares.
The listing comes amid growing investor interest in companies involved in artificial intelligence, cloud computing and digital transformation.
The research house assigned SRKK AI a fair value of RM0.54 per share, representing a potential upside of 68.8 per cent from its initial public offering (IPO) price of RM0.32.
The valuation was based on a price-to-earnings (PE) multiple of 16.5 times, pegged against FY2027 forecast earnings per share (EPS) of 3.26 sen.
RNG Tech eyes growth funding- 7 July
Industrial solutions provider RNG Tech Bhd rounds out the current IPO pipeline with an offering priced at 13 sen per share.
Its exercise comprises:
- 126.08 million new shares; and
- 78.8 million existing shares offered for sale.
The retail portion consists of 39.4 million shares, while institutional and Bumiputera investors will account for the bulk of the placement.
RNG Tech Berhad (RNG Tech) has received strong investor interest ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad, with its initial public offering (IPO) public tranche oversubscribed by 7.77 times.
The company, which is scheduled to make its debut on the ACE Market, announced that a total of 7,321 applications were received from the Malaysian public for 345.62 million new shares valued at RM44.9 million.
Number of companies listing on Bursa has already reached 37 as of July 1 halfway mark, total number of listed companies in 2025 was 60.
Market observers note that Malaysia’s IPO market has continued to attract both institutional and retail participation, supported by relatively resilient domestic economic conditions and sustained investor demand for growth-oriented companies.
