SRKK AI IPO: 32 Sen Offer Price, Targeting RM25 Million on the ACE Market
SRKK AI Berhad has finally lifted the curtain on its IPO prospectus, confirming its plan to list on the ACE Market of Bursa Malaysia. For investors who have been watching this technology firm since it first signalled its listing ambitions in late 2025, this is the document everyone was waiting for - because it brings the real numbers: offer price, share count, key dates, and use of proceeds.
According to Business Today and The Edge Malaysia, the prospectus was issued on 18 June 2026 with a target to raise more than RM25 million in total through the listing. Let us unpack the details one by one - what the prospectus reveals, how SRKK AI makes money, what its edge is, and whether this is an opportunity worth watching for Bursa Malaysia investors.
SRKK AI IPO Prospectus Details (June 2026 Update)
Here are the official figures disclosed in SRKK AI Berhad's prospectus. Unlike last year's early reports which were merely aspirational, this time everything is confirmed:
- IPO offer price: RM0.32 (32 sen) per share
- Public issue: 64,000,000 new ordinary shares
- Offer for sale: 13,000,000 existing shares
- Total IPO shares: 77,000,000 shares (public issue + offer for sale combined)
- Principal adviser, sponsor, underwriter & placement agent: TA Securities Holdings Berhad
- Application closing date: 25 June 2026
- Expected listing date: 9 July 2026
- Market: ACE Market of Bursa Malaysia
One thing investors need to understand here - the news headlines say "RM25 million", but the company itself actually only receives RM20.48 million. Why the difference? Because that RM20.48 million comes from the issuance of 64 million new shares (64 million x RM0.32). The remaining RM4.16 million comes from the offer for sale of 13 million existing shares - and that money goes into the pockets of the selling shareholders (via Joel Resources Sdn Bhd and Five Loaves Sdn Bhd), not into the company's coffers. Combined (77 million shares x RM0.32) the figure approaches RM25 million, which is the headline number you see in the press.
Allocation of the 64 Million Public Issue Shares
Based on the prospectus as reported by KLSE Screener, the 64 million public issue shares are allocated as follows:
- 14,200,000 shares - for the Malaysian public (via balloting)
- 17,040,000 shares - for eligible directors, employees, and persons who have contributed to the company's success
- 32,760,000 shares - via private placement to selected investors
This means only around 22% of the public issue is open to the general public through balloting. This is exactly why retail investors need to understand the concept of tier allocation - the chance of a full allotment depends on how many clients apply.
Use of Proceeds: Where Does the RM20.48 Million Go?
This is the most important part for investors - because how a company spends its IPO proceeds reveals its strategic direction. Of the RM20.48 million raised by the company, here is the breakdown:
| Purpose | Amount (RM million) |
|---|---|
| Strategic AI growth initiatives (AI labs, AI academy, AI-enabled analytics & software solutions) | 4.00 |
| Building an in-house Security Operations Centre | 3.70 |
| Geographical expansion to Indonesia | 1.84 |
| Branding, marketing & promotional activities | 1.80 |
| Working capital | 4.64 |
| Listing expenses | 4.50 |
| Total | 20.48 |
Interestingly, nearly half of the proceeds (combining working capital of RM4.64 million and listing expenses of RM4.50 million) is not for direct growth. The "actual growth" investments - AI, SOC, and Indonesia - total roughly RM9.54 million. This is common for ACE Market IPOs, but a smart investor will assess whether the remaining funds are enough to deliver the promised returns.
The RM3.70 million investment in a Security Operations Centre (SOC) is an interesting signal - it shows SRKK AI wants to add recurring cybersecurity services to its portfolio, rather than relying on one-off consulting.
Business Background: What Does SRKK AI Actually Do?
Although their name contains "AI", it is important for investors to understand that SRKK AI is not a pure-play AI company like a large language model developer. According to The Star, SRKK - based in Klang - is an information technology (IT) services firm providing consultation, project implementation, and managed services to corporations, government-linked companies (GLCs), resellers, and other service providers in Malaysia and Singapore.
They are also a direct bill partner under the Microsoft Cloud Solution Provider programme - meaning they sell and manage Microsoft cloud service subscriptions for corporate clients. This is the backbone of their recurring revenue.
The "AI" component of their strategy revolves around developing a supply chain planning and forecasting platform integrated with data analytics and AI capabilities, targeted at the manufacturing and food and beverage (F&B) sectors. This is the new growth direction they want to fund through the IPO.
Revenue Streams & Financial Performance
SRKK AI does not rely solely on one-off projects. Among their revenue sources:
- Recurring income: Cloud service subscription fees, maintenance & support contract payments, and software/hardware rental related to technology.
- Consultation & project services: Consulting, project implementation and system management for corporations, GLCs, and service providers in Malaysia & Singapore.
In terms of financial performance, The Edge Malaysia reported that in the preceding financial year, SRKK AI recorded revenue of around RM94.5 million with a net profit of RM5.8 million. This net margin of about 6% is typical for an IT services firm that involves substantial hardware and third-party licensing costs - so investors should not expect high margins like a pure software company.
Shariah Status - What Can Actually Be Confirmed?
This is a question many Muslim investors ask, and we want to answer it honestly without spreading unverifiable information.
As of the public reports and sources available at the time this article was updated, SRKK AI's Shariah-compliant status cannot be confirmed conclusively. For a company seeking listing, Shariah status is usually determined by the Shariah Advisory Council (SAC) of the Securities Commission and stated in the official prospectus - not in the ordinary list of Shariah-compliant securities that is updated twice a year for already-listed companies.
Therefore, if Shariah status is important to your investment decision, the safest step is to check SRKK AI's official prospectus on the Bursa Malaysia Prospectus Exposure page, or refer to the Securities Commission's Shariah status information. Do not assume that because it is "technology", it is automatically Shariah-compliant - official confirmation is required.
SRKK AI's Competitive Advantage
In a market full of big players, what allows SRKK AI to stand firm? Among their strengths:
One-stop solution approach: They do not merely sell AI modules or software - they offer full digital transformation: cloud migration, data integration, smart dashboards, and automation.
Hybrid revenue model: A combination of consulting projects (one-off income) and cloud/maintenance subscriptions (recurring income) helps ensure a more stable cash flow than firms relying on single projects.
Local talent ecosystem development: Through the proposed AI Academy, SRKK AI could train a new generation of Malaysian AI practitioners - making them ecosystem builders, not just users of foreign technology.
Strategic geographical expansion: Opening operations in Indonesia opens access to a large market with high demand for digital and AI solutions.
Future Prospects & Risks to Weigh
Positive prospects:
- Demand for AI, automation and cybersecurity is rising across government, education, healthcare, fintech, logistics and SME sectors.
- If SRKK AI proves consistent performance post-IPO, the company's value could grow alongside its recurring revenue.
- Operations in Malaysia and Indonesia open opportunities in regional ASEAN technology cooperation.
Risks to weigh:
- Small IPO size: Raising RM20.48 million is small - meaning this company falls into the micro-cap category, which is usually more volatile in price after listing.
- Intense competition: Large local and international IT and AI firms already have far greater resources, brand, and capital.
- Thin margins: A net margin of around 6% leaves little room if hardware or licensing costs rise.
- Execution risk: The AI and SOC direction is still new - its success depends on the ability to convert investment into real revenue.
- Data security & regulation: As it expands into Indonesia, the company faces cross-border compliance and data protection requirements.
Smart Investor Guide: Don't Just Follow the IPO Hype
Before retail investors rush to apply for an IPO through apps like M+ Global, there are a few important steps worth taking. Buying an IPO is not just about following the "hype" - it should be grounded in fundamental research so decisions are made based on facts, not emotion.
Ask yourself: Is the RM0.32 price reasonable relative to the company's revenue and profit? Will the use of proceeds genuinely drive growth? Do you understand this IT/AI business model, or are you simply drawn to the word "AI"? The answers to these questions are what separate smart investors from trend followers.
Frequently Asked Questions (FAQ)
What is the SRKK AI IPO price and the key dates?
The SRKK AI IPO offer price is RM0.32 (32 sen) per share. Applications close on 25 June 2026 and the listing on the ACE Market of Bursa Malaysia is expected on 9 July 2026.
How much is SRKK AI raising from the IPO?
SRKK AI raises RM20.48 million for the company through the issuance of 64 million new shares. An additional RM4.16 million is raised via the offer for sale of 13 million existing shares, but that money goes to the selling shareholders, not the company. The total IPO size approaches RM25 million.
What will the SRKK AI IPO proceeds be used for?
The RM20.48 million is allocated to AI initiatives (RM4.00 million), a Security Operations Centre (RM3.70 million), expansion to Indonesia (RM1.84 million), branding & marketing (RM1.80 million), working capital (RM4.64 million), and listing expenses (RM4.50 million).
What exactly is SRKK AI's business?
SRKK AI is a Klang-based IT services firm providing consultation, project implementation and managed services, and is a Microsoft Cloud Solution Provider partner. Its AI component focuses on a supply chain planning platform for the manufacturing and F&B sectors.
Is SRKK AI Shariah-compliant?
SRKK AI's Shariah-compliant status cannot be conclusively confirmed from public sources at this time. Investors who prioritise Shariah status should check the company's official prospectus or refer to the Securities Commission's Shariah status information before deciding.
Who is the principal adviser for the SRKK AI IPO?
TA Securities Holdings Berhad acts as the principal adviser, sponsor, underwriter, and placement agent for SRKK AI's listing on the ACE Market.
Conclusion
The SRKK AI IPO offers Bursa Malaysia investors access to an IT services company attempting to reshape its identity toward AI and cybersecurity. At RM0.32 per share and a modest raise, it is a micro-cap investment that demands careful fundamental research - not just attraction to the "AI" label.
Before you apply for any IPO, make sure you are equipped with a trading account and sufficient investment knowledge.
To be eligible to apply for IPOs like SRKK AI, you need a CDS account. Open a CDS M+ Account which lets you invest not only on Bursa Malaysia but also in foreign markets such as the US and Hong Kong.
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