Shares of SRKK AI Bhd made a stellar debut on the ACE Market on July 9, jumping 87.5% to 60 sen from its IPO price of 32 sen, underscoring strong investor appetite for Malaysia’s growing artificial intelligence (AI) sector.
During the opening bell, the counter opened at 60 sen with 11.05 million shares changing hands, adding 28 sen to its IPO price after raising RM20.48 million through its listing exercise.
The strong market reception comes as the IT solutions provider positions itself to capitalise on rising enterprise adoption of AI technologies, with AI-enabled solutions already contributing RM11.8 million, or 11%, of its revenue for the financial year ended Dec 31, 2025.
Chief Executive Officer Yew Lip Sin previously said the listing would accelerate the group’s AI-first strategy amid growing corporate demand for AI-enabled solutions and the sizeable market opportunity created by Microsoft’s US$2.2 billion investment in Malaysia’s cloud and AI infrastructure.
Of the IPO proceeds, Yew shared that RM4 million has been earmarked for AI initiatives, including establishing AI labs and an AI academy, as well as developing AI-powered data analytics and software solutions. The group also plans to develop an AI-enabled supply chain planning and forecasting platform for the manufacturing and food and beverage sectors.
“The remaining proceeds will fund expansion into Indonesia, establish an in-house security operations centre, support branding and marketing efforts, provide working capital and cover listing expenses,” Yew said.
TA Securities Sdn Bhd is the principal advisor, sponsor, underwriter and placement agent for SRKK AI’s IPO exercise.
