SRKKAI SRKK AI Berhad

ACE Shariah

Listed 09 Jul 2026 · Technology · Adviser: TA Securities Holdings Berhad

Key figures

IPO price: RM 0.32
Day 1 open: RM 0.60
Day 1 close: RM 0.61
Current price: RM 0.44
Day 1 open %: +87.5%
Day 1 close %: +90.6%
Since listing: +37.5%
Oversubscription: 312.27x
Market cap: RM 90.9 M
Float: 27.11%

Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.

Offer structure

Tranche	Shares	%
Malaysian Public	14.2 M	5%
Eligible Persons	17.04 M	6%
Selected investors (via private placement)	13 M	4.58%

Source: company prospectus, PDF page 40.

Business profile (from the prospectus)

Prospectus excerpt shown in the document's original language.

SRKK is an investment holding company. Through our Subsidiaries, our Group is principally involved in digital transformation solutions. Digital transformation solutions refer to IT solutions that aim at digitalising and modernising operational processes in an organisatio n.

Source: company prospectus, PDF page 164.

Financials (from the prospectus)

FY	Revenue (RM'000)	PATAMI (RM'000)	Margin	EPS (sen)
FY2022	77,687	5,290	6.81%	1.88
FY2023	75,213	4,342	5.77%	1.53
FY2024	94,540	5,008	5.30%	1.76
FY2025	112,163	6,805	6.07%	2.40

Latest-FY revenue growth: +18.64%. PE at the IPO price: 13.33. Source: company prospectus, checked by the AQSB audit system (FYE 31 December 2022/2023/2024/2025).

Revenue segmentation (FYE 31 December 2025)

Business segment	% of revenue
Cloud services	43.70%
Sale of IT hardware & software	29.60%
IT consultation & project implementation	17.54%
Data analytics & BI solutions	3.54%
IT managed services	3.38%
Rental of IT hardware & software	2.24%

Geography	% of revenue
Malaysia	78.19%
Singapura	20.83%
Lain-lain	0.98%

Source: prospectus segmentation notes, checked by the AQSB audit system.

Use of proceeds (from the prospectus)

Item	RM'000	%
Working capital	4,640	22.7%
Listing expenses	4,500	22.0%
Strategic AI growth	4,000	19.5%
Building SOC	3,700	18.1%
Geographical expansion indonesia	1,840	9.0%
Branding marketing	1,800	8.8%
Total	20,480

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 +90.6% sits at P87 of its board · This IPO's since-listing of +37.5% sits at P67 of its board

Board peers: ACE

Symbol	Listed	IPO price	Day 1 close	Since listing	Market cap
ASM	02 Jul 2025	RM 0.17	-2.9%	-17.6%	RM 90.9 M
EFRAME	27 Oct 2020	RM 0.28	+32.1%	+57.8%	RM 91.0 M
LIFTECH	30 Jun 2026	RM 0.29	-17.2%	-39.7%	RM 91.3 M
HSSBAKERY	23 Jun 2026	RM 0.18	+0.0%	-27.8%	RM 90.0 M
MINOX	17 Oct 2023	RM 0.25	+48.0%	-28.6%	RM 90.0 M
SEMICO	13 Jan 2026	RM 0.25	+50.0%	+150.0%	RM 90.0 M
COSMOS [NS]	06 Oct 2022	RM 0.35	+60.0%	-17.1%	RM 89.8 M
MOBILIA	23 Feb 2021	RM 0.23	+141.3%	-26.9%	RM 92.0 M

Audit

This IPO was audited by the AQSB audit system · 24 Jun 2026: issuance figures were checked with a deterministic calculation engine, and prospectus claims were marked with their verification status. The audit working notes are not published here. Not investment advice.

Audit stage: RETAIL · data as of 2026-06-24. This audit is from a pre-listing stage; figures are subject to change as the IPO advances.