PETALING JAYA, Sarawak-based tech solutions provider Insights Analytics Bhd plans to raise RM43.6 million from its upcoming ACE Market listing on Bursa Malaysia.
From left: M&A Securities Sdn Bhd head of corporate finance Gary Ting, Sarawak Deputy Premier Datuk Amar Professor Dr Sim Kui Hian, Insights Analytics Bhd chairman Datuk Abdul Wahab Aziz, Sarawak Premier Tan Sri Abang Abdul Rahman Zohari Tun Abang Openg, Insights Analytics managing director Frank Wee, M&A Equity Holdings Bhd managing director Datuk Bill Tan and Insights Analytics executive director Bong Joon Fook.
In a statement, the company said RM22.2 million (50.9%) of the proceeds will go towards working capital for current and future projects, especially in smart water management and Sarawak’s smart city initiatives. Managing director Frank Wee said the funds will help strengthen liquidity and support business expansion.
“Our water technology segment is set to benefit from growing demand for operational efficiency, reduced non-revenue water, and government-backed digitalisation in water resource management,” he said.
The funds will cover costs for subcontractors, IoT devices, consumables, and the construction of a water treatment facility. Another RM9 million (20.7%) will go towards investments and acquisitions to expand its core business and enhance its technology capabilities, while RM4.4 million (10.1%) will fund the expansion of its Sarawak corporate office, including a mini data centre.
As of Sept 8, the company’s unbilled order book stood at RM35.3 million, expected to be recognised over the next six years. For FY2025, Insights Analytics reported RM49.6 million in revenue and RM19 million in net profit, with strong margins of 59.8% gross and 38.2% net.
The IPO comprises 121 million new shares and 27.5 million existing shares for sale, representing 27% of its enlarged share capital. At RM0.36 per share, Insights Analytics will have a market value of RM198 million upon listing on Oct 27. M&A Securities Sdn Bhd is the adviser, sponsor, underwriter, and placement agent for the IPO.
