INSPACE Inspace Creation
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.265
- Day 1 close
- RM 0.255
- Current price
- RM 0.215
- Day 1 open %
- +6.0%
- Day 1 close %
- +2.0%
- Since listing
- -14.0%
- Oversubscription
- 70.30x
- Market cap
- RM 92.3 M
- Offer size
- 97.8 M
- Enlarged shares
- 369.3 M
- Float
- 26.48%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 18.47 M | 18.9% |
| Private placement | 70.834 M | 72.4% |
| New shares issued | 68.5 M | 70.0% |
| Offer for sale | 29.3 M | 30.0% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our Subsidiaries, our Group is principally involved in the provision of interior fitting-out services, which include project planning and management, design conceptualisation and build as well as servicing and maintenance works.
Source: company prospectus, PDF page 138.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated listing expenses | 4,000 | |
| Working capital | 4,388 | |
| Repayment of bank borrowings | 2,737 | |
| Capital expenditure | 6,000 |
Source: company prospectus, PDF page 403.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2022 | 19,791 | 308 | 1.56% | 0.07 |
| FYE2023 | 31,195 | 2,479 | 7.95% | 0.66 |
| FYE2024 | 57,745 | 7,052 | 12.21% | 1.83 |
| FYE2025 | 78,603 | 8,381 | 10.66% | 2.20 |
Latest-FY revenue growth: +36.12%. PE at the IPO price: 11.36. Source: company prospectus (verified excerpts), PDF page 44.
Board context: ACE
Across 217 ACE IPOs in the database: median day-1 close +13.5% (P25 +0.0%, P75 +45.7%), median since-listing -8.0%. 71.0% closed day 1 above their IPO price.
This IPO's day-1 close of +2.0% sits at P33 of its board · This IPO's since-listing of -14.0% sits at P42 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| MOBILIA | 23 Feb 2021 | RM 0.23 | +141.3% | -26.9% | RM 92.0 M |
| LIFTECH | 30 Jun 2026 | RM 0.29 | -17.2% | -39.7% | RM 91.3 M |
| CEKD | 29 Sep 2021 | RM 0.48 | +13.5% | -35.4% | RM 93.4 M |
| EFRAME | 27 Oct 2020 | RM 0.28 | +32.1% | +57.8% | RM 91.0 M |
| ASM | 02 Jul 2025 | RM 0.17 | -2.9% | -17.6% | RM 90.9 M |
| SRKKAI | 09 Jul 2026 | RM 0.32 | +90.6% | +37.5% | RM 90.9 M |
| OBHB | 29 Oct 2024 | RM 0.24 | +4.2% | -37.5% | RM 94.0 M |
| HSSBAKERY | 23 Jun 2026 | RM 0.18 | +0.0% | -27.8% | RM 90.0 M |
Audit
No audit published for this IPO.